Today there is a new tyranny threatening our homeland. In place of financial prosperity, in place of the American Dream, is a tyranny of debt, precipitated not by the merchants of war but by the merchants of greed.

The American consumer is being warned of debt. One recent headline read: Consumer Debt is soaring! It is out of control! while another financial advisor wrote "We have become a country of consumers in debt". Consumer debt is so bad that banks are encouraging home equity loans and mortgages to pay for this years holiday credit spending. Why is there so much debt, where does it all end, and who really profits? One would think that spending tomorrows future today is an obvious omen of financial ruin but consumers have been tantalized, misled, even coerced into the false assumption that spending now is not only right, it is the American way.

American households carry an average of $8,400.00 on credit cards with a 14.9% interest rate. If just the minimum payment is made on that debt alone, the consumer will have paid $8,823.67 in interest! That is 105% profit for the creditors. And it would take 24 years to payoff.

The reasons for escalating consumer debt are manifold, ranging from an often jaded relationship between Government and Corporate America to, as one report stated, Corporate greed and corruption is robbing the backbone of America. Yet one startling fact remains: consumers continue as willing contributors to the debt dilemma. The end of consumer debt is no where in sight. Its not even a matter of getting the credit cards paid in 24 years because that frame of time assumes the cards are not being used to continue in an already bad habit. Forgive me for my sarcasm but it doesnt take a brain scientist to figure that out. And who is really profiting from all this debt? With an estimated 17 billion in debt over one holiday season the answer is simple - Corporate America.

Explore options to get out of debt now.

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