There is, in any commerically advanced country, three layers of debt, government debt, the debt of banks and businesses, and finally, private consumer debt (e.g. your mortgage, student loans, car loans, credit cards, etc). The bailout legislation simply transfers the debt problem from the banks and businesses to the government. The printing presses will be working overtime meaning that your money will be worth less. It's called the hidden tax. Even sharing in 5% of "Joe the Plumber's" profits will not be enough. The government is not going to bail you out. Getting out of debt is going to be your responsibility. How long will take you? Will you be debt free by the time you retire? Is the Money Merge Account for you? Start planning now. Don't wait! Get a free analysis today.
Homer Sweeney
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