I'll give the personal finance advice, you run the country

**************THIS IS NOT POLITICAL COMMENTARY**************

On July 25th, President Obama addressed the nation on the debt ceiling crisis. He said several sensible things. One of the things he said was not really that great:

Now, every family knows that a little credit card debt is manageable. But if we stay on the current path, our growing debt could cost us jobs and do serious damage to the economy.

Is it? Is a little bit of credit card debt manageable? And if it is, then is going deeper into credit card debt the best way to manage it? Yeah, I remember writing about that in my first book, Ways to go broke and hate your life.

Please understand that I would be much less critical of the debt ceiling debate had President Obama left the credit card analogy out of his speech. What's next, a physical fitness pep-talk? "Everybody knows that a little obesity is manageable."

So, I'll give the personal finance advice, you run the country.

**************THIS IS NOT POLITICAL COMMENTARY**************