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Government's New Credit Approach: Does the End Justify the Means?

We don't need consumption from people who can't afford it - we need healthy consumption from people who can pay their bills. Forcing lower interest on CC will force credit card lenders to be more prudent on who they give credit.
Don't forget that every default on CC is paid by us - the clients who do pay their bills.
So for me the get cheaper credit it is important that credit is given to people who can carried it - not to someone who is juggling more CC-debt than their annual income is high.

The free market has made a mess from the cc system - it is the most expensive payment system around (compared to other alternatives). Effectively it is a sales-tax on every item I buy of 5%. The difference with Europe is that here I pay the sales tax to a bank while in Europe it goes to a government.