Here is one example of how the Democrats prioritize we the people: As of today, thanks to the Credit Card Act, gift cards must be good for a minimum of five years.
And thanks to President Obama for signing it. He promised change and in my book this is change worthy of a toast.
I don't think I've ever had a gift certificate expire on me. But I have won several restaurant gift certificates at my kids' school silent auction fundraisers. And several times I have gone to use one of these cards only to find that it expired after 3 months. I assumed all cards were good for one year, so I didn't look.
Another benefit of the Credit Card Act that I will soon be grateful for: no credit cards issued to kids under the age of 21 years (unless they have a co-signer or can show proof of independent income). I've seen too many bedraggled parents in my office who sent their kids off to college only to come home with many thousands of dollars worth of credit card debt.
When I was in college, I couldn't get a major card even with a steady part-time job and despite having established a record of paying lesser cards in full every month. I now understand. Credit should be earned, not handed out to every college freshman willing to sign up.