Tuesday, March 21, 2006

Why Americans save less than nothing (Hint: it's homeland security)

Randy Cassingham's This is True newsletter called my attention to this amazing story, reported by the Providence Journal.

Running up debt has become such a dominant theme of national policy that individual Americans who don't follow suit are now suspected of treason.

All the poor guy did was try to pay down his credit card debt. That Un-American activity was sufficient to ID him as a potential terrorist. Presumably, Dubya, Dick and Rummy figured Walter Soehnge was recharging his available credit so he could buy a plane ticket and crash into the Washington Monument.

I sure can see why Walter was "madder than a panther with kerosene on his tail."

Looks like it's time for a career change, folks. Get out of wealth management and into debt counselling!

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