The recent bailout of several major financial institutions by the United States government has raised concerns of a “credit crisis” in America. Borrowing money has certainly become a favorite pastime, with the US government alone in hock for over ten billion dollars. And with the average American owing more than $8,000 in credit card debt, paying everything back is going to take a while.
Fortunately, there are companies that can help reign in debt. That’s why, after hearing a commercial on the radio, President George W. Bush made a call to (555) BIG-DEBT, the number for the Big Debt Credit Counseling Service. Bush, along with Treasury Secretary Henry Paulson, members of the House Ways and Means Committee, and members of the Senate Budget Committee, met for four hours on Thursday with John Little, a senior counselor with Big Debt.
Henry Paulson, still under scrutiny for his handling of the federal budget, was pleased. “I don’t know why I hadn’t thought of calling them before,” Paulson said during a post-meeting press conference. “Big Debt told us about secret programs that credit card companies and banks don’t want you to know about. We were able to cut 200 billion in credit card debt right off the top. And with easy monthly terms, and an equivalent increase in middle-class taxes, we’ll have the full debt paid off ten years sooner.”
Humor: US Solves Credit Crisis, Credit Cards Gather.com, MA – 2 hours ago And with the average American owing more than $8000 in credit card debt , paying everything back is going to take a while. Fortunately, there are companies …