I was contacted by a client this morning with news that our President has set up and official e-mail site, whereby the President is “urging” you to report any fishy e-mails or web sites you come across that contradict his health care reform bill.

Then it donned on me, “Are we living in Nazi Germany or is this still the United States of America.” If you do not believe me, go to the WhiteHouse.gov web site.

I have always thought (and still do) that the credit card companies were the bad guys “out there.” In fact, I have often referred to them as legal loan sharks. Now I do not know what to believe. Is our President really asking us to “fink” on our fellow brothers and sisters, if we do not agree with his views? This is scary stuff.

So, as always, how does this all apply to being in the “debt trap?” As we all know, not even Congress has read this bill. It is something like thousands of pages long. So, who write this thing anyway? My guess is special interest groups, lobbyists, and any one else who would have a financial stake in the passing of this bill.

Well, if we have come to the crosshairs in our country whereby a bill this large can get passed without our elected leaders even reading or understanding it for that matter, what do think will happen with any credit card legislation coming down the road. You can bet it will not be written in the consumers favor.

Caution therefore is the word of the day. I have been emphasizing that people read their statements carefully each month, especially if you receive your statements on line. There is only one true way to get out of the debt trap, and that is by utilizing a company that actually negotiates and settles your debt for a fraction of what you owe. Call it debt reductionor debt relief; it is still the answer…at least for today!