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A second chance to combat growing debtI was listening to NPR this morning. I heard a snippet about some musicial artist, I think in France, who put out a CD called, "Drop the Debt" that was to benefit Jubilee, an organization devoted to dropping the debt of Third World Countries.
While I think that's a noble goal, it makes me wonder. I mean, the amount of debt in OUR country is getting out of hand. Ye know, I have virtually No Savings because until this year, I was over thirty thousand dollars in debt! About 15K of that was from credit cards.
And I'm not alone. The number of people who are in a similar condition is just astounding. And I'm not just talking from Student Loans and such. I thank my dad that I had no students loans to pay off. People are spending more and more on credit cards. So much so, that I find myself torn.
On the one hand, credit cards make it easier for people to buy our CDs and help us to make a living as musicians. On the other hand, people are getting into greater debt.
I can think of one person I know who just didn't learn his lesson either. He had his debt paid off, and within six months, he was back in debt.
Thank God, I'm not following that path. I've finally started saving money, and that will not stop. But this debt problem bothers me a LOT. I remember reading in the Old Testament how after seven years, debt was wiped clean! That would be a nice thing, but honestly, I don't expect that most-people will learn their lesson.
So what is the answer? I don't know yet, but I'd love to hear your comments.
Posted by Marc Gunn on Tuesday, August 12, 2003 |
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Irish Drinking Songs for Cat Lovers
