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U.S. Consumers Relying on Credit as Inflation Erodes Incomes
Consumers in the U.S. are increasingly using credit cards to pay for basic necessities as income gains fail to keep pace with rising food and fuel prices.

The dollar volume of purchases charged grew 10.7 percent in June from a year ago, while the number of transactions rose 6.8 percent, according to First Data Corp.’s SpendTrend report issued this month. The difference probably represents the increasing cost of gasoline, said Silvio Tavares, senior vice president at First Data, the largest credit card processor.

“Consumers, particularly in the lower-income end, are being forced to use their credit cards for everyday spending like gas and food,” said Tavares, who’s based in Atlanta. “That’s because there’s been no other positive catalyst, like an increase in wages, to offset higher prices. It’s a cash-flow problem.”
consumers  credit  cards  income  eroding 
july 2011 by inboxnews
Former federal employees still receiving taxpayer credit cards
In what appears to be a gross Obama administration oversight, former Bush administration political officials are still receiving taxpayer-funded credit cards in the mail.

Former DOL official Don Todd, who used to oversee the Office of Labor-Management Standards (OLMS) told TheDC that the government sent him a ready-to-activate taxpayer-funded credit card.

Todd, who now works in the private sector at nonprofit Americans for Limited Government (ALG), destroyed the card, but he’s shocked at how he still got one in the mail, years after he left his politically appointed government post. Todd’s last day at the DOL was Jan. 20, 2009. The DOL is still sending him credit cards.

Jokingly, Todd told TheDC that this oversight reminds him of former President Ronald Reagan’s comments about how a government bureau is the “nearest thing to eternal life we’ll ever see on this earth.”

“A government job is a gift that keeps on giving,” Todd joked.
obama  government  inept  credit  cards 
july 2011 by inboxnews
San Francisco Supes approve city ID cards for illegal aliens
Immigrants, homeless persons and other residents of San Francisco who often encounter difficulty receiving common services were given respite today in the form of citywide identification cards, according to Supervisor Tom Ammiano's office. By a 10-1 vote,
San  Francisco  Supes  approve  city  ID  cards  for  illegal  aliens 
november 2007 by inboxnews
150 fake ID cards confiscated from suspected invaders
Six suspected illegal immigrants were arrested after police said they had 150 fake identification cards. Belmont County deputies pulled the van over on Interstate 70 East near Morristown late Friday for a traffic violation. A search of the vehicle yielded
150  fake  ID  cards  confiscated  from  suspected  invaders 
november 2007 by inboxnews
Illegal immigrants issued ID cards
Tom Fitton, president of the conservative Judicial Watch, says the cards "raise the specter of local governments conspiring with illegals to help them stay here." "In the least, they undermine federal law," he says, "and at worst, they violate the law."
Illegal  immigrants  issued  ID  cards  conservative  Judicial  Watch 
october 2007 by inboxnews
Journal Inquirer seeks names of New Haven ID card applicants
MANCHESTER, Conn. -- The managing editor of the Journal Inquirer newspaper is asking the state Freedom of Information Commission to order New Haven officials to disclose the names of applicants for controversial municipal identification cards. The ID card
new  haven  illegal  aliens  id  cards 
september 2007 by inboxnews

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