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The debt crisis facing America and countries throughout the east and Europe has several probable solutions.  The causes of the crisis include too much government spending, and too much debt from government and individuals alike.  Here are some conditions that should send up a red flag, warning you that you might have too much debt:

1. You have no or very little savings.
2. You make only the minimum payment on your credit cards each month.
3. You continue to make purchases on your credit cards while carrying a balance.
4. You have at least one credit card that is over the credit limit, or very close to being there.
5. You are sometimes late in making payments on bills.
6. You are not aware of exactly how much total debt you have.
7. You use cash advances from your credit cards to pay other cards or bills.
8. You overdraw your bank accounts.
9. You have been denied credit.
10.You are not honest with family and friends about your spending and debt.

If any of this applies to you, then you might want to consider watching this video about the liberating effects of paying down your personal debts, and how that can even influence the global crisis.