Posts Tagged ‘Bankruptcy’

The Bondage of a Debt Financed Lifestyle

Many Americans find themselves in quite the situation financially these days.  Their situation is nothing short of bondage.  They are completely trapped because of years of borrowing money to finance a lifestyle that was unattainable without debt.  They aren’t the only guilty party.  The government has encouraged it and the banking system was more than willing to loan the money. The problem is that while government can tax, print and borrow, and banks can ask for bailouts, most individuals are stuck in the bondage that they have created for themselves.  People have been living beyond their means for far too… Read the whole article...