Essay by:
Evan Schlyer
Emporia State University

One could blame the national debt on the war, or the President, but when it comes down to it the only person or thing we can blame is ourselves. In the world today money is everything, and when there is no money, why not turn to the help of the next best thing, credit. Plastic cards are in every direction you look, whether they are the envied “black card” or any other form of card. Truth be told they are being overused and abused. Rather then people living on their means and the money they have, they turn to credit cards to give them what they want. Many carry around multiple credit cards making the problem even worse. I believe what makes credit cards so dangerous is how easy they are for you use. Unlike paying with cash, you don’t have to wait for change or make sure you have the correct amount, you simply slide and go. This may be another reason towards why it is so constantly used in peoples day to day lives. Like Credit, adjustable mortgage rates are another potential reason. Instead of beginning with starter homes, many newlyweds lean towards larger homes thinking that with mortgages, they will be able to slowly pay the homes off. Though they begin with lower interest, the percent you pay each year is tied to different indicators that determine whether the rate is going to go up or down. When inflation started going up so did the mortgage payments, resulting in higher bills and owners who could not pay. At this point the government had to come in to bail out the big banking firms with customers who did not have the income to pay, thus pushing America over the edge.

Though we are currently in the crisis already, if America works together, there are ways we can possibly end it or save ourselves from any further problems. In my opinion the best way to end the crisis is to reverse the reason for why the crisis started in the first place; reduce the amount of credit cards we use to a low minimum, and return to good ol’ paper money. Though it is not as simple as credit cards, it is real and something you can hold in our hands and know you have it. I feel that is would be smart for commercials to quite promoting the ease of credit cards and the annoyance toward people who slow the checkout line down by using cash. In sticking to what we can afford and steering clear of the luxury items, America can have a chance to recover, slowly but surely. Another issue is teaching children in schools and through families the dangers held in credit cards and the responsibilities necessary when using one. Though children receive some knowledge in credit cards, they need to receive proper training in using them. If at all possible, the best idea would probably be to just hold off on giving a child under twenty one, or until they have a reliable job, a credit card.

I myself am an offender of the same reason that I believe we are in so much trouble. I received a credit card at a young age and I was not sure of how exactly to use it, resulting in a seven hundred dollar debt that I could not pay. I, unlike America right now, was able to work my tail off and after about two years, pay it off. America’s debt though is already in the trillions. I was able to live under my parents for food and shelter while I earned enough to pay my bill. America’s parents, ourselves, are the ones who are actually pushing it further and further into debt.

When it comes down to it, America has always had quite a bit of money. Though we do import a great deal more than we export, we do not have the authority to blame out problems we are currently having solely on that. When a problem goes unnoticed for a long period of time it build up and takes time to work out all of the kinks before it is fixed or perfected. Take the first cell phone for instance. When it first came about there were constantly problems with it that had to be altered and tweaked to get it just right. Even though technology has improved quite a bit, every now and then cell phones will still have occasional problems. Similar to cell phones, we began running a state many years ago based on limited knowledge of what to do. now we have a greater understanding but there are always going to be the little bugs that go unnoticed and eventually have to, and will be fixed.




Re: Plastic Causes Problems

When I think of debt I usually think of government spending, your essay is good because it examines another cause of our dept...CREDIT CARDS! You also have other great causes which you examine. great essay, really interesting.

Kelsey C.


Re: Plastic Causes Problems

So true about the credit cards! Its so sad that we are thrown in so many different directions and we are told that we need to create credit for ourselves but yet doing so with credit cards is so unsafe because no one knows how to use them, therefore we make the debt so much worse because we cant pay them off.


Re: Plastic Causes Problems

Evan,

You couldn't have said it better, credit cards are definately destroying our economy. So many people are blaming the national debt on any and everything they can think of, but when it all boils down we realize that we, as Americans are the problem. I definately think that credit cards should be used less and people should limit themselves to how often they use them. Great Job Evan! Way to use personal thoughts as well!

Whitney Franklin


Re: Plastic Causes Problems

I agree with the others. I loved the use of personal comments in your essay. I'm sure there are a lot of people that feel the same as you and I both do. Hopefully people will start being more careful about spending.


Re: Plastic Causes Problems

Evan,
I really like the fact that your paper was written from a personal perspective. You addressed many of the hardships that the younger generation is faced with as well as pointing out what must be done to correct these problems. Interesting paper!!
-Brandon Rich


Re: Plastic Causes Problems

Evan,

I did not even consider our debt problems as of today resulting back to credit and the influence credit cards have had, but after reading your essay I definately agree with you. I, myself, have also been the culprit of owning a couple credit cards, and I am still trying to pay them off to this day. I think your essay opened up some eyes to people! Good job!

Ashley Goodloe


Re: Plastic Causes Problems

Evan- I like this essay! I agree with you, we could blame everyone but the reason most of debt happens is because it is our own fault.

Lisa Harris


Re: Plastic Causes Problems

At first i was confused by the title, then i read more into it and understood. credit cards are what mainly put people in debt, but most people wouldnt think that first, at least i didn't. very good.
Trevonne Johnson


Re: Plastic Causes Problems

You did an awesome job of explaining the debt and the way people over abuse credit cards. I would have to say the Bush did kind of goof up with the war and I believe that is the major reason the U.S. is in such a crisis now.

-Jordan McManigal


Re: Plastic Causes Problems

At points in this essay i was a little lost and didnt understand where this paper was heading to then it all hit me at once. That credit cards are one of the huge resaons why people go in debt all the time. I would have to say that this paper was really good and it had a lot of good points and you were able to back them all up. Good job.
Emma Sorensen


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