The weaknesses in the analogy between government and household finances are too often lost yet this misleading analogy persists, creating confusion, prompting poor decisions and is some of the stimulant underneath the Congressional behavior we see today.
The reason that many people might be sympathetic to shutting down the govPolls consistently show that people grossly overestimate the amount of money going to many less popular categories of spending. This is where the New York Times comes into the picture.
House Republicans have said they just want a "little something" from the Democrats in order to sign a clean debt limit bill. They want some kind of sp...
Why should the Tea Party cooperate with the rest of Congress, if cooperating means they lose 100% of the achievements they've made?
Residents of the 10 American states with highest support for the Norquist Pledge have shorter life expectancies than those in the 10 states with least support for the Pledge. So it seems appropriate to ask -- is the Norquist small government philosophy bad for your health?
Tell me if you have seen this movie before. Washington manufactures a budget crisis, waits till the last minute to deal with it and then at the eleventh hour kicks the can down the road just to have the whole fight over again three to six months later. Rinse and repeat.
My experience suggests another reason that the very privileged are as remote from reality as the tea party. It's not that they have a snob's disdain for the little people. It's that, insulated by their money, they don't know any.
Five years into the crisis, the fiscal landscape remains challenging. On the positive side, deficit-cutting efforts and the first signs of recovery re...
What government department does the Tea Party want to be funded that is not currently being funded right now during the shutdown? I can't think of one.
Obama is happy to negotiate. If Republicans want to prove that they are, it will take more than a photo-op -- it will take concessions.
Asking some sacrifice from seniors would be understandable if the country were in a situation where it was really strapped for resources and we were asking for everyone to do their part. However this is clearly not the situation we are in today.
Given the complexities involved with determining if a trust is required to file and pay state income tax, we strongly suggest that trustees and advisors consult with state tax experts when establishing a trust.
The Republicans who voted for these budgets (or contributed to the earmarks and voted "no" later), have morally obligated themselves to support the debt ceiling. After all, these budget packages are what raised the debt to such high levels.
Is $4 billion in taxpayer money better spent subsidizing JPMorgan's alleged criminal activity or funding the federal agency charged with defending consumers from dangerous financial products?
If you already have health insurance through your employer, your situation won't change. But for those of you who don't have insurance, you may be wondering -- how will I afford the cost of health insurance or what if I don't buy it at all?
Are you taking a personal finance course or courses to learn how to better manage your portfolio or retirement planning? If so, you may be sitting on some very valuable tax credits.