Reprinted from my blog (http://moneyformilitary.blogspot.com)

Why is getting out of debt so hard? Here are some major reasons why Americans fall into debt so fast and can not get out of it.

The biggest reason is the national debt. The national debt is at $9.1 trillion (source: http://www.treasurydirect.gov/NP/BPDLogin?application=np). If you divide this up between the 300 million citizens of the United States, you get each person being $30,000 in debt and you have no control over that.

The next problem is that the debt industry has been playing this game for a lot longer than the individual. Each person is going up against a system that has been working for thousands of years. The Bible even says in Deuteronomy 23:19, that “Thou shalt not lend upon usury to thy brother; usury of money, usury of victuals, usury of any thing that is lent upon usury.” Just in case you were wondering, USURY is an unlawful rate of interest. Who decides if interest is unlawful? Lawmakers that are persuaded by the banks that make money off of interest have powerful lobbyists in Congress.

Consumer prices have gone up markedly versus average paychecks. America is becoming more and more a materialistic national that feeds off of spending. It is so much easier to spend more money than you have.

This is just part one of my debt concentration series…