 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 consumer health advocate with a strong interest in personal health, the environment and the power of nature to help us all heal He has authored and published thousands of articles, interviews, consumers guides, and books on topics like health and the environment, impacting the lives of millions of readers around the world who are experiencing phenomenal health benefits from reading his articles. 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 maker of super bright LED light bulbs that are 1000% more energy efficient than incandescent lights. 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 practices nature photography, Capoeira, Pilates and organic gardening. Known by his callsign, the 'Health Ranger,' Adams posts his missions statements, health statistics and health photos at www.HealthRanger.org
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