{"id":652618,"date":"2010-02-02T17:02:40","date_gmt":"2010-02-02T22:02:40","guid":{"rendered":"http:\/\/www.disinfo.com\/?p=21328"},"modified":"2010-02-02T17:02:40","modified_gmt":"2010-02-02T22:02:40","slug":"five-myths-about-america%e2%80%99s-credit-card-debt","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/652618","title":{"rendered":"Five Myths About America\u2019s Credit Card Debt"},"content":{"rendered":"<p><a href=\"http:\/\/www.disinfo.com\/2010\/01\/how-visa-reigns-with-a-silent-tax\/bit.ly\/4tw65U\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" style=\"margin-bottom: 10px\" src=\"https:\/\/i0.wp.com\/ecx.images-amazon.com\/images\/I\/51yPGwYPe%2BL._SS500_.jpg?resize=238%2C238\" class=\"alignright\" width=\"238\" height=\"238\" \/><\/a>Robert D. Manning was the editorial adviser to the Disinformation-distributed documentary <em>In Debt We Trust<\/em> (available on <a href=\"http:\/\/www.disinfo.com\/2010\/01\/how-visa-reigns-with-a-silent-tax\/bit.ly\/4tw65U\">iTunes<\/a> and <a href=\"http:\/\/www.amazon.com\/exec\/obidos\/ASIN\/B000NDFLWG\/disinformation\">DVD<\/a>) and is the founder of the <a href=\"http:\/\/www.responsibledebtrelief.org\">Responsible Debt Relief Institute<\/a>. He writes in the <a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2010\/01\/29\/AR2010012902504.html?wprss=rss_print\/outlook\">Washington Post<\/a>:<\/p>\n<blockquote>\n<p>They&#8217;re yuppie food stamps. They give new meaning to the question &#8220;paper or plastic?&#8221; And they&#8217;re in everyone&#8217;s wallet. Americans have nearly 700 million all-purpose bank credit cards, plus nearly 500 million retail store cards \u2014 and they have transformed how we live and consume. Today, Americans are more dependent on credit than savings, a radical departure from the last major economic crisis, in the 1930s. Congress&#8217;s effort to change that, the <a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2009\/05\/22\/AR2009052200430.html\">Credit Card Accountability, Responsibility and Disclosure (CARD) Act<\/a> signed by President Obama last spring, will go into effect in a few weeks. But it won&#8217;t fix&#8230;<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Robert D. Manning was the editorial adviser to the Disinformation-distributed documentary In Debt We Trust (available on iTunes and DVD) and is the founder of the Responsible Debt Relief Institute. He writes in the Washington Post: They&#8217;re yuppie food stamps. They give new meaning to the question &#8220;paper or plastic?&#8221; And they&#8217;re in everyone&#8217;s wallet. [&hellip;]<\/p>\n","protected":false},"author":1608,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-652618","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2JM6","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/652618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/1608"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=652618"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/652618\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=652618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=652618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=652618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}