Mr. Speaker, I once ran myself into credit card debt very badly. I found myself paying hundreds of dollars in interest every single month, with no benefit. If I had not used my credit card, I would have been able to put that money away in savings.
It is not a good feeling to be simply throwing money out the door or giving it to bankers, especially if they are involved with our money in other countries.
I share my colleague's deep concern over the deficit. We are never going to end the deficit if we do not smarten up and have logical budgets in the future.