The government owes 10 Trillion, credit card debt is 1 Trillion, what is more irresponsible.?

Question

That's $3400 credit card debt per person (including babies) and $34,000 national debt per person. That does'nt account for the unimaginalbe supprime mess, the trade deficit and city, county and state debts. Which one is in your opinion the most irresposible? Just curious.

Answer 1

Most people do not understand how our monetary system is set up, and if they did understand it, they would be very, very angry. The debt you are talking about is due to the printing of U.S. money by a PRIVATE CORPORATION: the Federal Reserve. That's right -- the Federal Reserve is not federal at all. It is not a government agency, and the government has no oversight over it. The U.S. (and the entire world) have long been taken captive by elite international banking families. They are the ones who own the Federal Reserve, and they're the ones who have created this miserable debt based society that we currently live in! Almost every country in the world is run the same way by these same 13 elite banking families -- also known as the Illuminati. It is a complete monopoly. They let it appear as if our money system is controlled by the government. But it is not! It is the banking tycoons who really run the show! How these crooks do it is to simply create money out of nothing, lend it to the government and collect interest on it. The same applies to credit cards for the masses. They loan people money (out of nothing), and force people to pay it back with interest. Debt is really not necessary. They encourage debt as a means to keep us under their thumb. We will never escape this madness unless 'We the People' put a stop to these elitists who have stolen all of our power.

Please watch the video to learn more about how this happened:
http://www.youtube.com/watch?v=JAcjTqLBuzA

Answer 2

The government's runaway spending is - by far - the most irresponsible, because the people who have been elected and appointed to be our public servants should also be responsible leaders and frugal stewards of the taxpayers' money. Unfortunately, government officials and bureaucrats don't see it that way; they view as 'their' money to spend as they damn well please. By doing so, they also set a poor example for citizens to follow. It's no wonder our population is so deeply in debt.

If I can't pay cash for it, I can't afford it. That's not the mentality that the banks and credit card companies - or, for that matter, the government - wants its citizenry to adopt.
Even Bush suggested after 9-11 that Americans should "go shopping"!! I'm sure that made WalMart happy; but it was incredibly immature advice to offer a nation of already-addicted consumers. -RKO- 11/15/07

Answer 3

I've often wondered if the reason that many people are so accepting of our employees spending and borrowing us into debt is that they think there's nothing wrong with it since they do it, too. Put someone like me in charge of the purse and we'd have a surplus. But, then, I have no consumer debt because if I can't afford to pay for something, I don't buy it.

Answer 4

God that Federal Reserve section is an complete hypothesis because they stopped posting M3 alongside time in the past to the traditional public, so I recommend the credit derivatives might want to be much better. Which extremely a lot proves no longer something. lol

Answer 5

a person with a credit card will have to pay eventually, one way or another (dont pay, get bad credit and dont get cool stuff like a car). the government has no responsibility except to its people...if they choose to listen.
if i had no real debt control and thought i could spend all i want and let someone else pay it back in 4 years, id have my house paid off.

Answer 6

The government has a mechanism to print money, which is worse in the long run when it is used.

Answer 7

you could blame the government, but we elected them, so we are all responsible.