Just wondering, has anyone seen the lower rates that were touted as a benefit of this law?
You won't see any of those "lower rates", just as when politicians who come in and say "pass another law that the insurance companies will love and they surely will lower their rates!" and, strangely enough, no insurance rates actually drop then either.
Bush himself proclaimed those "lower rates" when he signed the bill. Where are they?
Not lower rates, but credit card minimum payments doubled. The banks agreed to do this to try to get people out of debt faster and to preven bankruptcies from being filed. I guess tey never looked at cash flow in families and not just total debt.