Comments about ‘U.S. credit card debt dropped 5.2 percent in the first quarter of 2012’

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Published: Friday, June 8 2012 11:00 a.m. MDT

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Salt Lake City, UT

It's a good thing that people are paying down debts. The only unfortunately side effect of that though is that paying down debts means people aren't putting that money into the economy to fuel demand and it's demand that creates jobs since business leaders don't and shouldn't create jobs for no reason.

Say No to BO
Mapleton, UT

Part of the problem is saving rates. One percent is not going to entice anyone.
We need a return on our investment to save rather than spend.
Of course, the other side of that coin is loan rates. A 3.5% rate on mortgages is politically nice but hardly realistic. It merely illustrates that our money is worthless.
The entire economy is a train wreck that cannot be healed by watching the DOW. Perception is not reality. We didn't learn from this recession so the lesson will be repeated until we do.

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