How does more debt help?
Re “U.S. tackles consumer debt market,” Nov. 26
OK, I admit that I do not have a degree in economics. However, the information I am reading about “bailouts” defies any logic I know as a consumer.
The latest is that the government plans to give billions to industries that will encourage consumer credit. Everyone I know is trying desperately to get out from under credit debt. Can someone who has credit-card debt explain how encouraging the use of further indebtedness through credit can help the average consumer?
Barbara Schiffler
Encinitas
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