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 Help support NaturalNews with health books and educational programs from Truth Publishing: • Swine Flu Advanced Preparedness • 8 Weeks to Vibrant Health • Raw In Ten Minutes (recipes) • How to Halt Diabetes in 25 Days ... and much more.

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.

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About the author: Mike Adams is a consumer health advocate with a mission to teach personal and planetary health to the public He has authored and published thousands of articles, interviews, consumers guides, and books on topics like health and the environment, reaching millions of readers with information that is saving lives and improving personal health around the world. Adams is a trusted, independent journalist who receives no money or promotional fees whatsoever to write about other companies' products. In 2007, Adams launched EcoLEDs, a maker of energy efficient LED lights that greatly reduce CO2 emissions. He's also a successful software entrepreneur, having founded a well known email marketing software company whose technology currently powers the NaturalNews email newsletters. Adams also serves as the executive director of the Consumer Wellness Center, a non-profit consumer protection group, and pursues hobbies such as Pilates, Capoeira, nature macrophotography and organic gardening. 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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Related Articles: • 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	Take Action: Support NaturalNews.com Email this article to a friend Share this article on: NewsVine | digg | del.icio.us Permalink to this article: http://www.NaturalNews.com/008582_debt_credit_card_bankruptcy.html Reprinting this article: Non-commercial use OK, cite NaturalNews.com with clickable link. Embed article link: (copy HTML code below): <a href = "http://www.NaturalNews.com/008582_debt_credit_card_bankruptcy.html">Credit card debt rises yet again, personal bankruptcy matches pattern of federal spending</a>