Washington DC Credit Card Delinquency

Credit card delinquencies in Washington DC have reached a peak. All through the United States, but perhaps even more so in the seat of our government, families are finding themselves deeper and deeper in personal debt and all the while, Washington DC encourages them to keep on spending to "help the economy." It's faulty logic: spiraling debt ultimately helps no one, but don't look to Washington for any wisdom on the subject: federal spending, too, is out of control and our national debt is higher than ever.

If you are searching for a cause, you really don't have to look far. It's obvious that we are a culture of spending urged on by messages from the media and the pressure from Washington to keep on spending, regardless of your present financial situation.

The consequences should also be obvious. At both the personal and government level, we are in serious need of debt counseling and restructuring. Washington DC needs an education on the downside of out of control spending, and we need to start sending messages that saving money is okay, too.