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 natural health researcher, author and award-winning journalist with a strong interest in personal health, the environment and the power of nature to help us all heal He has authored more than 1,800 articles and dozens of reports, guides and interviews on natural health topics, 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 2010, Adams created NaturalNews.TV, a natural living video sharing site featuring thousands of user videos on foods, fitness, green living and more. He's also the CEO of a highly successful email newsletter software company that develops software used to send permission email campaigns to subscribers. Adams is currently the executive director of the Consumer Wellness Center, a 501(c)3 non-profit, and enjoys outdoor activities, nature photography, Pilates and martial arts training. Known on the 'net as 'the Health Ranger,' Adams shares his ethics, mission statements and personal health statistics at www.HealthRanger.org
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Friday, January 09, 2004
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