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About the Author/Editor
Eric Swanson is the Executive Director of BeatingDebt.org. He has a passion for families having the freedom to enjoy their marriages, family, and God without the struggle of debt. He is joining others together to turn the tide of accepting debt as a normal part of life and to return to God's perception of debt being slavery. Please join him and committing to beat debt.
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The musical chairs of wealth
September 1, 2010 in Spiritual by BDO
By Eric Swanson The game of musical chairs is unfair. Children play the game with playful music in the background while circling around fewer chairs than there are children. No matter how quick or cunning the children are, there is always going to... Read more »
‘Zombie Consumers’ hurt themselves and their community
August 16, 2010 in Anti-Consumerism by BDO
By Eric Swanson Liz Pulliam Weston bravely defined consumers who make emotional shopping decisions as “Zombie Consumers”. Most citizens would consider themselves rational shoppers who seek a good deal. However, Ms. Pulliam Weston found... Read more »
Fed worried about growth, entices people to take on debt
August 11, 2010 in News by BDO
By Eric Swanson Recently, the Fed made a decision to buy Treasury Bonds in an effort to help entice citizens to take on more debt. The Fed said Tuesday that it would spend a relatively small amount of money — about $10 billion a month, economists... Read more »
Consumer credit down 0.7 percent
August 10, 2010 in News by BDO
By Eric Swanson The Federal Reserve released its latest preliminary findings of revolving consumer credit, better known as credit card debt. Credit card debt was down for the month of June by a healthy 6.5 percent. This means that we have a lot... Read more »
The Truly Secret Secrets to Saving
July 21, 2010 in Anti-Consumerism by BDO
By Eric Swanson Donna Rosato wrote an article for Yahoo’s Financially Fit series that showcased 8 families and their “extreme” saving habits. These families shared with the public their truly secret secrets to saving money which... Read more »
Consumer credit down 4.5 percent
By Eric Swanson The Federal Reserve released its latest preliminary findings of revolving consumer credit, better known as credit card debt. Credit card debt was down for the month of May by a tremendous 10.5 percent. This means that we have a... Read more »
Should Christians Shop on the Sabbath?
July 9, 2010 in Anti-Consumerism, Spiritual by BDO
By Eric Swanson What is the most recognized Sabbath day in America? Sunday What is the most profitable day for retailers in America? Sunday Why do some Christians say Sunday is the Sabbath and then go out to malls and restaurants to force others to... Read more »
G-20 commits to reduce national deficits
By Eric Swanson In a surprising move by the leaders of the 20 biggest economies, the G-20 decided to halve national deficits by 2013. “‘Advanced economies have committed to fiscal plans that will at least halve deficits by 2013 and stabilize... Read more »
Household debt down 7th straight quarter
By Eric Swanson On June 10th, the Federal Reserve released its latest findings on Consumer Debt Outstanding. In reflection of good personal choices, personal debt went down by 2.4% for the first quarter 2010. This is amazing because it brings... Read more »
Consumer credit up 0.5 percent in April
By Eric Swanson The Federal Reserve recently released its latest preliminary findings of revolving consumer credit, better known as credit card debt. Credit card debt was down for the month of April 2010 by a generous 12 percent. This could... Read more »