Without spending, our economy would come to a screeching halt. When our income is diverted toward paying high interest, over-limit fees, and late fees on items we bought years ago and no longer have, we no longer make a meaningful contribution to our economy. In fact, the opposite is true. We can’t pay the chef for his art nor tip the server. The vacations get cut. More importantly, we’re no longer capable of buying the things we need. Instead, the bankers get bonuses on top of bailouts, and we go without.

Our debt load has reached critical mass and the collective “we” is suffering. Our government has proven that they have no cure for the Debtpidemic. Bailouts did not work. Stimulus did not work. Cash for Clunkers did not work. Nationalizing banks did not work. In short, socialism has proven ineffective.

The question emerges, what can we do to make a meaningful contribution toward reviving our decaying economy and providing real relief to those suffering from the effects of toxic debt, if we too are upside-down and underwater?

Declaring bankruptcy frees up precious dollars and puts them back to good use in the economy, making it possible for us to buy the things we need, and a few of the things we want. Now the bellboy gets a tip, the hotels stay open, and the parasailing instructor keeps his job. With the cash that’s not being handed over to AMEX, Visa, MasterCard and your bank, we can start a new business, buy inventory, hire staff, advertise in the local papers and dry clean clothes to look sharp for the big presentation.

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