CNNmoney reports on record interest rates.
"Revolving debt" is the polar opposite of a mortgage or other loan that goes away as you make payments. Credit cards and other instruments are designed to keep piling on debt and keep the borrower paying.
This is really vile in a time when unemployment is high, wages are stagnant and cost of living is going up. Oh, and when some of the companies doing this stuff received public money to stay in business.