Quote:
Originally Posted by transplant99
The only one of them that has promised anything for families thus far ( at least immediately) is Layton with the absolutely lame credit card nonsense.
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Well that really depends on how you define "for families" it's pretty easy to look at the Learning Passport and call it "for families" except that it's more easily lumped into a label such as "students" or "education" even though I'm sure that many parents that hope their kids go to post-secondary would say that it would help their family. Really anything that does something for anyone can be labelled "for families" I mean we're all a part of someones family, nah?
Regardless, I think the Credit Card interest cap business is something that sounds good but I'm not sure it wouldn't do more harm then good unless Layton has further plans to establish Credit caps/service charge caps to prevent lenders from shifting the burden on to other services in order to maintain profit margins. I suppose lower Credit Card interest rates may make that unnessicary (alternative hikes from the credit lenders) if it encourages greater use (higher average balances) but then we've started further encouraging personal debt... and higher personal debt loads hardly sounds like a good thing.