Dave Ramsey Vs ???

Many folks with lots of credit card debt are waiting to see if President Barack Obama will do some sort of credit card bailout.  Some folks feel that since the banks and auto makers got a bailout the consumer loaded with credit card debt should be next.  Depending on the form of the credit card bailout it might benefit consumers and credit card companies but certainly not the tax payer.  Those with credit card debt should stick with their total money makeover and get out of debt asap vs waiting for the government to solve their problems.  So far the only movement i’ve seen towards this was more regulation on the notice required to raise interest rates and lower credit limits.  This is also likley to help the consumer as it is extremely hard to pay off debt when the interest rate keeps rising.  Still though consumers with credit card debt need to focus now more than ever on getting out of debt so they can survive and prosper despite the governments best efforts to impede wealth building through increased taxation.