Credit card debt rises yet again, personal bankruptcy matches pattern of federal spending

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Articles Related to This Article: • The Still Unsolved Problem of the Economy • Ten Sobering Predictions About the Aftermath of the Economic Stimulus Bill • Personal Debt Out Of Control; U.S. Economy Awash in Debt Support NaturalNews advertisers - Advertise with NaturalNews Sign the Health Revolution Petition Join the call for genuine health freedom in America. End FDA tyranny and Big Pharma corruption. Watch the video and sign the petition here.

Once again, credit card delinquencies have reached another peak. U.S. families are finding themselves deeper and deeper in personal debt, and yet they are encouraged to keep on spending to "help the economy." It's faulty logic: spiraling debt ultimately helps no one, but don't look to Washington for any wisdom on the subject: federal spending, too, is out of control.

So what's to blame? A culture of spending, mostly, but part of the equation also rests on the messages from the media (which is supported by advertisers, of course, and simply must pound home the "buy more" message in order to keep ad revenues flowing) and the ridiculous urgings from Washington to keep on spending, regardless of your present financial situation.

But there will be consequences. At both the personal and federal level, we are in serious need of debt counseling and restructuring. The entire nation, it seems, needs an education on the downside of out of control spending, and we need to start sending messages that saving money is OK, too.

Spending may be good for the economy in the near term, but a burden of debt crushes economic growth in the long term. Too bad we have few national leaders who can see past the next election.
About the author: Mike Adams is a holistic nutritionist with a passion for teaching people how to improve their health He is a prolific writer and has published thousands of articles, interviews, reports and consumer guides, reaching millions of readers with information that is saving lives and improving personal health around the world. Adams is an independent journalist with strong ethics who does not get paid to write articles about any product or company. In 2007, Adams launched EcoLEDs, a manufacturer of mercury-free, energy-efficient LED lighting products that save electricity and help prevent global warming. He also launched an online retailer of environmentally-friendly products (BetterLifeGoods.com) and uses a portion of its profits to help fund non-profit endeavors. He's also the founder and CEO of a well known email mail merge software developer whose software, 'Email Marketing Director,' currently runs the NaturalNews email subscriptions. Adams also serves as the executive director of the Consumer Wellness Center, a non-profit consumer protection group, and enjoys outdoor activities, nature photography, Pilates and adult gymnastics.


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