John and Ken of KFI host Tax Revolt 2009: Rally #2, Saturday, May 16, 2009 in Corona, California at Tom's Farm.

Saturday, May 16, 2009 is Tax Revolt Day for KFI-AM 640 listeners of the John and Ken Show, and perhaps for you as well. Several Thousand Tax Protestors are expected at Toms Farm in Corona, California to listen to John and Ken's 4pm to 7pm Saturday Live Radio Show as they rail against California Tax Propositions 1A-1F. The Live Radio Broadcast link can be found by clicking anywhere on this paragraph and then clicking on the listen button tab located near the top left of your screen.

Tax Revolt Rally #2 is a follow up to Tax Revolt Rally #1 that was held in Fullerton, California several weeks ago.

What was most disappointing about the news coverage of the first John and Ken tax revolt was the severe under reporting of how many people were actually there.

I fully support John and Ken's Tax Revolt and want to also point out that if governments are feeling the heat of less and less revenue coming in, THE GOVERNMENT SHOULD GO AFTER THE CREDIT CARD COMPANIES and their idiotic policies in this time of trouble.

There is a big scandal brewing over the credit card companies willingness to default as many of their customers as possible. The more credit card interest charges those in debt are forced to pay on their old debts, the less money there is to circulate in every city in america's local economy every paycheck.

Credit Card Companies should have been backing incentive based credit card payback debt programs rather than the punitive programs they are using to keep ratcheting up credit card interest rates higher and higher.  

It's this simple, every point the credit card companies raise interest rates results in a one point higher default rate.  So you do the math, do you keep raising interest rates, resulting in a corresponding increase in the credit card default rate, or do you figure something else out?

If there is a conspiracy theory, it appears that the credit card industry wants to lower as many people's credit rating as soon as possible before Congress passes their toothless credit card bill that takes effect next year. 

Vote no on California Props 1A through 1F, but then lets go after the credit card industry and how they are mishandling the one trillion dollars in credit card debt that continues to suffocate consumers in practically every city in the country, on a daily basis.

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