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Friday, March 04, 2005
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MORT A CREDIT And speaking of special days, and special months, did you know that March is “Credit Card Credit Healthy Month”? I know - not a great name… it doesn’t parse… but that’s the name. UD discovered Credit Card Credit Healthy Month on a PR website, and she figures it’s the creation of the credit card industry, which giveth and taketh away most perplexingly … i.e, it kicks up its heels and tosses, like confetti, credit cards at college students, and then it declares Credit Card Credit Healthy Month to tell them what dumbfucks they were to take them. The PR site quotes John Simpson, "administrator at Indiana University": "We lose more students to credit card debt than academic failure." (He makes it sound as though they die of it.) Anyway, here are a couple of typical stories about large college student debt. (Remember: This is consumer debt; tuition debt's a whole other thing.) And here’s a quotation from a New York Times article about credit card use among high-level administrators in the Roslyn, New York school district (all monies mentioned here were stolen from the taxpayers of Roslyn, New York ... total stolen funds come to more than eleven million dollars): ' One startling revelation was that Dr. Tassone [that'd be the superintendent] and Ms. Gluckin [financial manager] got the school district to pay not only for their personal credit card purchases but also for more than $1 million in cash withdrawals from automated teller machines. Dr. Tassone, who had 24 credit cards, averaged $700 in withdrawals a day for 20 months. In May 2002, he averaged $1,117 a day. Ms. Gluckin, who had 23 credit cards, averaged $1,270 a day in February 2002, according to the report. ' |