This article is for educational and reference material only. If you are not familiar with the Grace Commission Report ....now would be a good time to read it. Though not directly linked to Credit Card Debt, it is linked to the Banking Industry and their hold on the economy.
You might pay close attention to the section that stated..
With two-thirds of everyone's personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the Federal debt and by Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government.

A Report To The President -Vol. 1"