So I’m reading (while I sit up at the bar) on the Market Ticker that Karl (who has wonderful credit),
I run no balance on my plastic and have a near-perfect FICO (being “dinged” only because I don’t carry balances)
is paying 17.9% for the privilege of using the bank’s credit
Nonetheless I have seen interest rates repriced “for market reasons” up to 13, 14 and in one case to 17.9%.
and that these “sub-prime” borrowers are paying over 30% interest
his credit card went from 20% to 36% due to missing one payment
REALLY? I’m sorry, but if you’re paying more than 10%… you’re an idiot
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I keep reading comments on social nit-wit sites like reddit, fark, and digg about how wonderful universal health care is in various member nations of the European Union. These people express outrage over having to pay for the basic “right” of hospital care.
Now, one thing you have to keep in mind is that if health care is a right, then no doctor or nurse may refuse to provide it regardless of the price. To say that the services these people provide are rights that belong to other people is to deny those providers access to the fruits of their labor and indeed, their very labor itself. Essentially, when you state that person A has a right to the labor (medical care in this case) of person B, you are stating that B is a slave to A.
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Sometimes it’s advantageous to read over the words of statesmen our country has been blessed with in the past. Today we have no statesmen, only politicians whose careers are dependent upon selling out the good of the country for a few more votes or a nice cushy job when they leave office.
It will be of little avail to the people, that the laws are made by men of their own choice, if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood; if they be repealed or revised before they are promulgated, or undergo such incessant changes that no man, who knows what the law is to-day, can guess what it will be to-morrow. Law is defined to be a rule of action; but how can that be a rule, which is little known, and less fixed?
- James Madison “The Federalist #62″
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Accounting 2302 – A
English 1302 – A
US History 2302 – C
