Washington, DC–As economists and taxpayers began to dissect the Economic Rescue bill passed by the U. S. Senate tonight, many experts were surprised to learn that tax payers are in line for trillions of reward points. Reward points are a popular perk used by banks, hotels, airlines, and retailers to encourage consumers to use their services and credit cards. What legislators failed to realize when authorizing the Secretary of the Treasury to assume billions of dollars of bad debt was that the reward points associated with those loans transfer to the U. S. government.
Senate Passes Economic Rescue Plan--Reward Points Galore!
Senate Passes Economic Rescue Plan--Reward…
Senate Passes Economic Rescue Plan--Reward Points Galore!
Washington, DC–As economists and taxpayers began to dissect the Economic Rescue bill passed by the U. S. Senate tonight, many experts were surprised to learn that tax payers are in line for trillions of reward points. Reward points are a popular perk used by banks, hotels, airlines, and retailers to encourage consumers to use their services and credit cards. What legislators failed to realize when authorizing the Secretary of the Treasury to assume billions of dollars of bad debt was that the reward points associated with those loans transfer to the U. S. government.