Thursday, July 06, 2006

Slave Nation

Proverbs 22:7b says, “…And the borrower becomes the lender’s slave.

A quick search of the internet (Google U.S. +“national mortgage debt”) will show that Americans are $7 Trillion dollars in debt…

According to ‘Card Trak’ a subsidiary of Cardweb.com, as of May, 2004 the MONTHLY U.S. credit card debt averages $677 BILLION - that is $2311 for every man, woman, and child in the U.S. That is already taking the adjustment downward for cards paid off each month, business cards, and 0% interest cards!

“The national debt clock estimates that if each citizen were to have an equal share of the public debt in this country, we would all be approximately $23,000 in debt.” For-debt.com

“Americans are simply maintaining their lifestyles by going ever deeper into debt. And it's very simple: something that cannot go on forever, will not. For the time being, that debt orgy has gone on for longer than anybody expected, and it is not clear when it will end.” DailyKos.com

Here is a ‘clue’: debt = slavery.
How smart is maintaining a lifestyle if that means being a more of a slave?

Risen Soul recently asked, “Do you believe that there is such a thing as reasonable debt”?

That is what this blog addresses - and the reasons it addresses that question…

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