What advice would you give to someone who had maxed out five credit cards and was making minimum payments on the first five by borrowing money on a 6th card? Wouldn't it be something like reduce spending, sell something and/or get a second job to raise more revenue, and start making larger payments on the most interest heavy card?

Then please understand that we as a nation have maxed out five credit cards and are making minimum payments by borrowing additional money. Keep that fact in mind as you read these articles.

Concord Coalition Brief on the FY 09 Budget Resolution

http://www.concordcoalition.org/issues/fedbudget/issue-briefs/080312-budget-resolution.pdf?emc=&m=3828546&v=1012733363&l=3

From the Drudge Report--Budget Would Torpedo Bush Tax Cuts

http://apnews.myway.com/article/20080314/D8VD50BG0.html