Credit Card Crisis

http://www.cracked.com/funny-4179-credit-cards/

Now, I thought this was a really funny and sad graph of American debt, but the article that follows puts all the blame on banks. I certainly am no fan of banks, but how can you blame them for wanting to make as much money as possible? That is the game. Our current system is one that embellishes greed. Both the banks and the consumer are victims of this.

It's totally irresponsible for anyone to only pay the minimum balance, but people are not educated on this matter. Anyone can get a credit card. We also have to think about how our education system works. Our students are not taught about responsible consumerism in high school, and in order to get a college education most people need to take out loans!

Credit cards are one thing, probably more of the blame does go to the consumer. As for student loans and mortgages how can you blame someone for wanting an education and a home? So many people are screwed because of college loans. I think as a country we are irresponsible for not providing affordable, if not free higher education in the 21st century, as well as shelter for poor people. But I guess the problem is that those who own everything do not want educated peasants who could rebel against a system that is geared to make the rich richer and the poor poorer.