Republicans in Congress just won a smashing electoral success by essentially doing nothing but mercilessly block Obama's agenda. That, to put it another way, is a winning formula for them with their base voters.
We've become desensitized to the true value of large amounts of money. You might therefore be inclined to brush aside the fact that American consumers are projected to incur $43.5 billion in credit card debt during 2012 for the second consecutive year. That, however, would be a grave mistake.
The CARD Act was implemented on Feb. 22, 2010, and the two-year anniversary of this date marks a fair time to assess the Act's successes, failures and overall implications for consumers with credit cards.
In truth, paying off your credit card balances is simple; there's nothing complicated about it. But it's not easy, because it does require sacrifice and scraping together the cash that will get it done.