LIBERATING AMERICA, ONE DEBTOR AT A TIME

Have you ever wondered why we as a nation are in an economic downturn. You may think that it has something to do with Lehman Brothers going bankrupt. Sure that was the straw that broke the camel's back; on the other hand, the underlying cause is revealed by a branch of economics known as “macro economics,” which was founded during the Great Depression. Macro economics studies broad, underlying trends, such as trade balances, monetary supply, demand for goods and services, demographics, etc. What do the macro economists tell us? Well, the news is not good. The total indebtedness of America is at an all-time high. The current total indebtedness, public and private, dwarfs the nation’s total indebtedness in 1929, just before the Black Tuesday stock market crash. The consequence of all of these debts is that our unalienable rights of “life, liberty and the pursuit of happiness” are constrained by our obligations to pay creditors.

We need to eliminate our crippling debts. Some may have the income to pay off their debts or have the ability to refinance them at cheaper rates for longer periods of time. Others will need to default and declare bankruptcy. Either way, we need to soberly face our individual situations. We all fear change. We all deny our “issues.” We avoid sadness, confrontation, etc. But we can be free once we recognize our psychology and then take action. We can start over. We can take control of our lives. We can walk upright into a new day. We are our own best jailers, and the shackles of high interest, late fees and creditor harassment can end as soon as we decide to take control of our lives. Let’s free ourselves and in doing so let’s free America.

This blog is not intended to render legal services to the reader, including advice about bankruptcy or taxes. Consult with a lawyer concerning the specific application of the law to your unique circumstance.