Letter to the Editor: The "cliff and Obama care" coincide in 2013

If you are reading this, it is apparent that the Mayan calendar was not accurate!

However, I can't help but wonder if a large percentage of our population thinks that I might as well use my credit to have one big Christmas before the "cliff and Obama care". Many people including myself are frightened by the unknowns that they will create as it is obvious that a lot of money is going to leave middle-class pocketbooks.

The spending that I alluded to pushed the end of October tally to $2.75 trillion. This figure covers credit cards, auto and student loans. This was a bit of a surprise as spending had tapered after the 2008 crisis for credit. The fact that the average age for on the road vehicles has reached 11+ years make vehicles loans enticing with low interest and seven year pay off times.

We will see new records set as the November and December totals will be high as the retail community fight for your dollars. Shopping at home will keep your dollars closer to home.

It is unfortunate that secure places for your money are hard to find!

Gerald W. Ray

Spokane