Can anyone name a G-7 country that has a better economy right now than the US?

It seems like Kevin is telling us that is good.  Just keep maxing out that there CC.  

Because, Jerry...and I'm not going to try to explain this to stupid Tommie-poo...in a period of high inflation, debt amounts inflate, too. As in: a $1500 debt today may be the functional equivalent of a $1000 debt five years ago. Do you see why?

Or to put it another way...if a fixed amount of debt is to be repaid during a time of high inflation, that debt must be "discounted," or sold/valued at less than face value (assuming it doesn't have an adjustable interest rate.).

On to put it still another way...since X dollars then is the equivalent of X+Y dollars now, shouldn't a debt limit of X then be raised to X+Y now? And wouldn't that simply be an adjustment back to the status quo?

Think about it.

Maxing out the CC is bad no matter how you splice it.  

Not if the "max"  isn't as significant as it used to be. In fact, in times of high inflation, borrowing is a sound strategy.

In any event, the limits will be raised, for the reasons I stated above.

The above is wrong on so many levels.  

Once the income to debt ratio gets above 35% one is considered a credit risk. At that point the credit score goes down.  30% of one's credit score is based on debt.  If the credit score is dipping below 650 the likelihood of getting an increase in the credit limit or a new card or loan decreases.  Low credit scores can also hinder someone from getting a job.

Low credit scores & high income to debt ratios can prevent someone from getting a mortgage

Low credit scores and high income to debt ratios can also make a bank reduce one's credit limit to minimize a bank's exposure.

Personal loans can be 15%+

In addition, credit card debt rates are 25%+  A $10,000 balance at 25% is an interest payment of $200+ per month.  Getting more debt just creates more interest payments.  At some point one's fixed payments exceeds one's income & the next step is default.  See the above post about consumer debt defaults at 10+ year highs.

If banks default rates get to high, that means they have less money to loan as they are not getting the money they loaned back to do more loans. If there are to many defaults they become more careful in making loans.  With less loans being made there is less money to stimulate the economy.

You would thein cpa kevin being the great economist would know this

Borrowing at 25% interest is a sound strategy?  Please enlighten me on this.  

I didn't say that, and you know I didn't.

Let me try one more time to explain this to you. Borrowing is cheaper during times of high inflation, because you will be repaying with cheaper dollars. And while your figure of 25 percent is a silly exaggeration, a true interest rate on any debt is (the nominal rate) --(the rate of inflation over the life of the loan).

It's not as bad as stupid Tommie-poo makes it out to be--of course, he wants to paint a gloom and doom picture, because he's a Biden-hating conservitard and sucks Trump's dick. But one factor he conveniently overlooks is that the American consumer is EARNING more than ever before in history.

So the people earning higher wages than ever have decided they can carry more short-term debt. Not anything to press the panic button about 

We are talking CC debt though so my rate is not that much of an exaggeration.  

Basic economics & common sense is over Kevin's head. 

My score is 748 & when I have to tap my overdraft for the business I stil pay 19.9%. I pay it back as soon as the income catches up. It doesn't make any senses fir me to carry the balance. Fortunately for me I can pay it off. Others can't. 

Wages are officially higher than inflation so anyone who is borrowing more than they make is doing so in an environment more financially in their favor than when Donny Deadbeat was in charge...not to mention the fact more people are employed.    

And that's taking place with normalized interest rates instead of the government-stimulative ZERO rates Donny Deadbeat enjoyed....not to mention a bond market that isn't being propped up by the FED like Donny Deadbeat enjoyed.   

conservatives better stick to "vacation days" and "Joe Biden is old".    The subject of economy is almost as bad for them as abortion.