>We're subsidizing deadbeats in housing on the backs of the responsible, why should credit cards be any different?
>
>This is very distressing news. I live on my credit card and pay everything off in full every month. If this happens, I will have to cancel my card and go back to using cash. The only down side is that I will no longer be able to make purchases over the internet.

It's not news, it's speculation and fear mongering.