The Nanny State Part 2. Credit Cards.

OK, I'm going to keep this short because I'm still feeling crap, but I gather our dear government is now proposing to protect idiots who are surprised at having to repay debt (at interest) they incur on credit cards from their own stupidity.

I also gather that the idiots are up in arms, because the proposals include a requirement that the minimum payment on cards be increased.

And the economists can't work out whether it is trying to make credit more or less available.

And the government claim that one of the outrageous things about the current system of credit cards is the fact that the rules are so complicated that they are impossible to understand: as someone else said at some point today (I can't actually remember who), have they looked at their own child tax credit rules recently??

I just wish the lot of them would be eaten up by a large - but transient and selective - intergalactic slime monster. And that the rest of the country would be suddenly struck with a large dose of cynicism and common sense, which would ensure that they would be replaced with something less hideous.



(Not sure if this is the government or the slime monster, but still.)