That is definately the problem and if the debt is not paid down and Obama and Congress don’t stop spending; we will be in one mother of a depression. As long as they over spending and printing money to cover it; we will go down.
Also, pay all your debts as much as you can. You will thank yourself for it.
It’s pretty bad when your advisors call your plans disastrous.
I have no debt. The burning question on my mind is what to do with my cash assets — leave them as-is (in CD’s), convert to gold, a little of both? Gold is ~$940/oz so it’s not an easy decision. Silver doesn’t look like it’s at it’s peak, though.
I believe we are ALREADY in one mother of a depression.