Posts Tagged ‘debt consolidation home loan’

Debt Consolidation - Even the Government does it!

Wednesday, July 29th, 2009

Politics and government policy has never been subject matter that I like to immerse my free time learning about. Searching through Digg, I found an old article that stated that the United States government took out a debt consolidation loan to cover the national debt. What?!! First of all, who has 9.1 trillion to cover all the debts our country owes? This article was dated in 2002. Does that mean our nation is going to have to find another debt consolidation organization to cover all of these bail outs? I am just stunned. I have watched several friends and family receive a debt consolidation home loan. One family went to Disneyland with the extra money instead of having a lower monthly payment. My fear is that once the government feels the relief of the debt collections and such they will just start the entire process on accumulating more and more debt besides their one monthly payment. Some people do have self control and consolidating their credit card debt actually is a good idea and it does work out in the end, so I must have hope and faith that someone in the treasury department has the smarts to control spending, maybe.