Faith and Finance

What our nation is faced with today is a mountain of debt run up mostly by 3 Republican Presidents – Ronald Reagan – and the two Bushes. And now today – that very same Republican Party is saying “no way” to Democrats who just want to pay off that pile of Republican debt. Think about it this way – the Republicans ran up a huge credit card bill, and now they’re refusing to pay for it. They took the good times – the stimulation to the economy from all that spending and the political benefits from all those wars – and now they don’t want to pay for it. If you or I did that with our credit card – and did it intentionally – we’d be in jail. Here is why we are in debt. Before Reagan took office – our national debt was just under one trillion dollars and our top tax rate was 74%. But Reagan promised the nation good times – so he gave all his rich buddies tax cuts – and then put trillion on the nation’s credit card. Reagan borrowed and spent – in just 8 years – more money than every president of the United States from George Washington to Jimmy Carter – COMBINED. And now the Republicans don’t want to pay the bill for Reagan’s debt.
Video Rating: 4 / 5

Question by Hot mental patient in cell 3: Can credit card companies try to collect debt from parents children?
So my dad has tons of credit card debt. And theres no way hes going to be able to pay it all. Since he has cancer and will probably be dead in less then a year.

Will the credit card companies come after to me to collect the debt he owed?

Best answer:

Answer by Spydr
NOPE

Give your answer to this question below!