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<blockquote data-quote="bacha29" data-source="post: 3299041" data-attributes="member: 58386"><p>I once read that 70% of the US economy is consumer spending. The ability of poor people to get credit is a major driver of that segment. If you were a defense contractor or something similar it wouldn't matter. Consider too the fact that many state governments are dependent on sales taxes to fund a major share of state government operations. No credit. No sales. No sales taxes.</p></blockquote><p></p>
[QUOTE="bacha29, post: 3299041, member: 58386"] I once read that 70% of the US economy is consumer spending. The ability of poor people to get credit is a major driver of that segment. If you were a defense contractor or something similar it wouldn't matter. Consider too the fact that many state governments are dependent on sales taxes to fund a major share of state government operations. No credit. No sales. No sales taxes. [/QUOTE]
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