Skewed Priorities

Some people are working hard to reduce their credit card debt, and that sounds like a good idea, but I'm going to suggest that they are wasting their time.  That credit card debt is a drop in the bucket.  Americans owe $858 billion in credit card debt.  Sounds like a big number you say?  Worthy of your attention you think?  Try this on for size: The national debt is $16.5 trillion.  That's almost 20x all of our credit card debt combined.  Yet those of us with credit card debt fret about it and keep electing officials who are running us into the hole faster than we ever could pay our way out.  The national debt has increased almost $6 trillion during the Obama administration.  That means that every year of the Obama administration, we have added to our national debt almost double our total credit card debt.  So if the entire country had, over the last four years, worked extremely hard and had paid off ALL of our credit card debt, we'd still be about $5 trillion behind where we started.  My point is this:  If you're not worried about the national debt, then forget about your credit card debt -- that's chicken feed by comparison.  If your credit card debt is keeping you up at night, then you should really be pulling your hair out over the national debt.  Quit wasting your time trying to reduce your credit card debt and get yourself educated so that you can turn out the bums who keep running up your much larger national debt.  Better yet, get started paying off both.