what type of religion is yours?

[Troubleshooter]

Originally Posted by richlevy

Therefore, when I run for Congress I will not be able to deny any of this.

Somehing I ran across and thought of you...

http://www.hillnews.com/thehill/expo...reditcard.html

A Hill of credit-card debt
By Josephine Hearn

More than 40 members of the House reported carrying at least $10,000 in credit-card or charge-card debt in 2003 and parts of 2004, according to a survey of financial disclosure reports conducted by The Hill.

The findings come as the House is poised to take up a bankruptcy-reform measure that would give banks and credit card companies expanded powers to seek repayment from debtors who file bankruptcy.

Opponents of the bill drew hope from the data, suggesting that lawmakers who nurse high-interest debt might be more likely to sympathize with indebted consumers. High credit-card debt is often a factor in the decision to file for bankruptcy, although the root cause is usually related to a life-altering event such as a divorce, illness or the loss of a job, experts said.

"Members aren't that much different than regular Americans. Some run up high credit-card bills when they shouldn't. One would hope that it would make them more sensitive to regular Americans earning far less money that are threatened by this bill," said Travis Plunkett, legislative director at the Consumer Federation of America, which has opposed the bill on the grounds that it favors credit-card companies at the expense of average consumers.

Yet the 43 members identified in the survey were as likely to have voted for the bankruptcy bill when it came to the House floor in 2003 as were members without credit-card or similar revolving accounts.

In general, members of Congress were much less likely to have credit-card debt than the average American. About 51 million households carry credit-card debt at an average balance of nearly $12,000, according to cardweb.com. Only 10 percent of House members had similar debt.

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