If you pay off your Visa Card with your Mastercard…does this make you debt free?

The current administration and General Motors president Ed Whitacre have been making a big deal out of GM paying back its loans from the TARP fund “In full and ahead of schedule”. Nick Gillespie at Reason TV blows the doors off of this one in 95 seconds.

Kind of funny until you realize that we are the ones providing the credit cards.

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