Republicans Bow To Their Masters At The Banks And Credit Card Companies

IDIOT AMERICA SENT A SLEW OF RASCALLY REPUBLICANS AND TEA PARTIERS TO THE HOUSE OF REPRESENTATIVES IN 2010. STEPPING IN LINE WITH THE MOTTO, "DON'T BITE THE HAND THAT FEEDS YOU", THESE RASCALS WILL ENSURE THE DEFAULT OF THE USA. THESE TRAITOROUS BASTARDS ARE DOING SO AT THE BEHEST OF THE BANKS AND CREDIT CARD COMPANIES WHO STILL MAKE BILLIONS WITH RECORD LOW INTEREST RATES, BUT WHEN THE US DEFAULTS AND THE FED RAISES INTEREST RATES, ALL DEBT SERVICE WILL SUFFER DUE TO INCREASED INTEREST RATES. YOU SEE AFTER THE FINANCIAL IMPLOSION OF 2008, THE BANKS AND CREDIT CARD COMPANIES REWROTE THEIR TERMS AND CONDITIONS THAT THEIR INTEREST RATES WOULD BE ADJUSTABLE WHENEVER THERE WAS A CHANGE IN THE PRIME RATE. YOU SEE, THEY HAVE ALREADY DICTATED A MARGIN PLUS THE PRIME RATE. SO IF YOU HAVE A $5,000 CREDIT CARD BALANCE AT 12.9% AND THE PRIME RATE GOES UP 6%, YOU WILL PAY 18.9%, UP 12% YOU'LL PAY 25.8%. WHO THIS REALLY AFFECTS ARE THE PEOPLE WHO HAVE CREDIT CARD BALANCES WHO ARE ALREADY PAYING 20.9%-29.99% INTEREST ALREADY. A MOVE UP IN THE INTEREST RATES WILL PUSH THEIR BORROWING COST IN THE UPPER 20%- 40+% INTEREST RATES. THE BANK LOVE THIS BECAUSE THEY ALREADY PROVIDED THE MONEY TO YOU AT LESS THAN 2% INTEREST RATE IF THEY HAD TO BORROW MONEY AT ALL IN THE FIRST PLACE. THE DIFFERENCE IN REPAYING $5,000 AT 12.9% OR 36% IS A WORLD OF DIFFERENCE AND IF THE US DEFAULTS, AS IT APPEARS THE COUNTRY WILL AND YOUR BORROWING COSTS INCREASE, YOU HAVE ONLY THE REPUBLICANS TO THANK WHEN YOUR CREDIT CARD INTEREST AND MORTGAGE INTEREST RATES JUMP. YOU JUST CAN'T TRUST THESE DUPLICITOUS BASTARD REPUBLICANS!