Lately you can’t turn on the TV without hearing about the fiscal cliff that the government is about to fall off of. Depending on who you listen to it seems like the apocalypse is coming if Congress won’t sign on to more debt to continue running the Federal Government. Very few of those in Congress are even talking about the spending problem, not the debt problem. Currently, the US government has 16.7 trillion in debt and at the continued rate of spending that number will go over $22 trillion by the time the president leaves office in 2016. Right now the budget deficit is over $1,090,000,000,000. This is how much the government spends over what it has coming in. If any of us ran our households like this we would have to file bankruptcy every year if we could. The bottom line is the US government does not have a debt problem but a spending problem and until they can reduce entitlements and the size of government, will they ever be able to get the debt under control.Not only has the government got themselves in hot water by overspending it seems that the American public is once again on a spending spree. Many experts have wondered why the bankruptcy filing rate of Americans has dropped over the last two years to around 1.3 million when they thought it should be increasing. The media seems to think that the financial recovery has begun and the financial meltdown of 2007 is now far behind us. In reality, people aren’t going back to work or at least to jobs that make a substantial amount of income. All the employment that has been created is that of minimum wage jobs. The reason I believe that less people are filing for bankruptcy is due to the fact that the banks are once again loaning money recklessly. Sure, it’s harder to get a home loan but it’s easy to get credit cards. Americans are once again trying to be optimistic about the economy and borrowing money they will have trouble paying back. This last week the Federal Reserve reported that consumers have increased their borrowing by $14.2 billion from September to October 2012. This increased the total consumer debt to $2.75 trillion.With all this bad news it’s obvious that many people will have to file bankruptcy in 2013 and beyond. Many Americans are barely holding on and going through all of their savings to continue kicking the can down the road. It would be much better if they would consider the possibility of filing bankruptcy and wiping out all of this debt. While filing bankruptcy carried a stigma that made many people avoid it, the topic has now become mainstream as many have had to file bankruptcy in the last few years. There is nothing wrong with the person taking advantage of getting the advice of a bankruptcy attorney even if they don’t end up filing. A bankruptcy attorney will usually educate an individual and let them make the decision to file bankruptcy or to select another path. The important thing is to be proactive in these tough financial times.