Latest Answers http://www.askyourlawmaker.org/answers/latest/%2A/325/%2A/%2A a view of answers sorted by date en We’ve got to address the problem with debt in this country. The government has to stop running itself on a credit card and Americans need to get out of debt. And the exorbitant interest rates that are charged on these credit cards, I’d love to address because there comes a point where you got to say, at what point does it become loan sharking and the other part a fair and equitable reasonable amount of money to expect a return on the borrowed money, so anything we can do to help people get out of debt in this country should be a priority. http://www.askyourlawmaker.org/answers/we%E2%80%99ve-got-address-problem-debt-country.-government-has-stop-running-itself-credit-card-and-a Fri, 21 Nov 2008 15:12:41 -0600 Whitney J 1764 at http://www.askyourlawmaker.org When I was in the House, I was on the financial services committee. And the answer to your question is yes, and we’re working on that legislation. Right now because of the collapse of the middle class and the increase of poverty, you’re finding large numbers of American families who when they go to the grocery story, are buying groceries on a credit card. And despite the fact they are paying their bills every single month, the credit card companies are charging them 25, 28 percent interest rate. That is absolutely outrageous and a rip-off that cannot be tolerated. Yes, as a United States senator I am prepared to introduce legislation. http://www.askyourlawmaker.org/answers/when-i-was-house%2C-i-was-financial-services-committee.-and-answer-your-question-yes%2C-and-we%E2%80%99r Wed, 20 Feb 2008 20:48:43 -0600 1107 at http://www.askyourlawmaker.org