xxii _______________________ Political Oversight Report ________________________ xxii: Debt Ceiling : Individual & Nation - The Justification Of The Inclusionary Clause In Debt Finance

Caveat : Forward Thinking Statement : Caveat

Published By : Ralph Charles Goodwin : +1News Centre

1 250 709 1809

May 31, 2023

The Modern Era Relationship Between The US Debt Ceiling & Individual Citizenry Credit Card Debt

So - Who Cares - So

Good Day - Senator Elizabeth Warren - Honorable

In The 2004 Frontline "The Secret History Of The Credit Card" Documentary Includes

The 2023 Total US Debt - And - The 2023 Total Citizen Credit Card Debt

$31.9 Trillion vs $986 Billion

Per Person : US Debt ($94,520.92) & Credit Card Debt ($2,937.91)

Through The Application Of The "Minimum Monthly Payment" These Debts Shall Never Be Paid Out

Note : The Federal Reserve CCD Report Is $17.05 Trillion : Note

"Mortgage balances shown on consumer credit reports increased by $121 billion during the first quarter of 2023 and stood at $12.04 trillion at the end of March, a modest increase. Balances on home equity lines of credit (HELOC) increased by $3 billion, the fourth consecutive quarterly increase following a nearly 13 year declining trend; the outstanding HELOC balance stands at $339 billion. Credit card balances were flat in the first quarter, at $986 billion, bucking the typical trend of balance declines in first quarters. Auto loan balances increased by $10 billion in the first quarter, continuing the upward trajectory that has been in place since 2011. Other balances, which include retail cards and other consumer loans, increased by $5 billion. Student loan balances now stand at $1.60 trillion, up by $9 billion from the previous quarter. In total, non-housing balances grew by $24 billion." --- Total Household Debt $17.05-T

Several Interesting Similar Relationships Between The Individual And The State Regarding Indebtedness
In Particular, Of Note, Was The Issue Of Being Aware Of The Length Of Indebtedness If The Monthly Minimum Payment Is Always Only Paid
In The 2004 Frontline Documentary - As Above - You, Senator Elizabeth Warren - Advocated For The Inclusion Of A Notation In The Debt Contract To Acknowledge By Both Parties (The Creditor & The Debtor) That The Use Of The Minimum Monthly Payment Provision Would Forecast The Debt To Continue Infinitum.
Do You, Today (May 31st, 2023) - Recognizing The Critical Nature Of The Triparty Congressional Agreement To Raise The US Debt Ceiling - Continue To Advocate For The Implementation In The US Debt Obligation - And - The Citizenry Credit Card Debt Contract This Caveat Warning, As Above ?