Is this bad?
"Consumer credit rose by $14.3 billion, the most since November, to $2.59 trillion, the Federal Reserve said today in Washington. In May, credit rose by $8.1 billion, previously reported as an increase of $7.8 billion. The Fed's report doesn't cover borrowing secured by real estate".
This means we all got $100,000,000,000.00 in rebates and still racked up more debt.
I think it is bad.