The National Debt

The US national debt continues to spiral out of control, mostly due to the illegal, undeclard Iraq war. Right now we're looking at 9.5 TRILLION dollars! FOR THE LOVE OF GOD! Right now, each US citizen would owe $31,290.73 if debt collection began today.

Can we really afford this as a nation? I think NOT! We need to clean this mess up NOW or face absolute despotism! No wonder the US dollar has lost over half it's value over the last 8 years. Great Depression 2, here we come!

What do you do when bills stack up?

Several different options could help sort out your financial problems when bills start to stack up, and up, and up, and you just can't afford pay them off. You could set up a debt payment plan and force yourself to stay in line with it (the best option.) If you aren't mature enough to follow a plan alone, seek out the help of a credit counseling service, or debt consolidation service (the second best option.) You could also go the lowest common denominator route, a court provision, such as bankruptcy, to handle your credit obligations (this should be your very last choice!).

Comments are welcome!