We Need to Tackle Credit Card Debt to Help Households Struggling in the Economic Crisis

The tax relief set aside to stimulate the economy now will not provide the injection needed to stabilize the household economy through increased spending power, so that families can close the gap between income and expenses. Rather like the $150 billion stimulus package provided to taxpayers by former President Bush, this program — while differentiated in that it realized in pretty small payroll tax reductions — really won't provide relief for cash-strapped Americans who already rely on debt to get by.