Debt

The Self-Inflicted Recession

Jared Bernstein and Nancy Cleeland | Posted 03.07.2008 | Business

Read More: Bush Economy, Debt, U.S. Economy, Economic Stimulus Package, Economic Recession, Stimulus Package, Economy, Recession Fears, Economic Stimulus, Stimulus, Bush Stimulus Plan, Recession, Personal Debt, Business News
Jared Bernstein and Nancy Cleeland

We can ease the pain of this self-inflicted recession by reviving some other basic American concepts, such as the idea that government can serve a role in mediating a heartless economy.

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Political News Trumps Deeper Crisis: Will it Go Away if We Don't Know?

Danny Schechter | Posted 03.05.2008 | Business

Read More: Debt, Media, Media Coverage of Economy, In Debt We Trust, Economy, Business News
Danny Schechter

Terms like "recession" are batted back and forth as the economy continues its slide with few candidates or media menshes doing much to illuminate where all this is leading.

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Presidential Candidates Channel Bart Simpson

Scott Bittle and Jean Johnson | Posted 03.03.2008 | Business

Read More: Social Security, Heritage Foundation, Home Heating Subsidies, Debt, Marriage Penalty, The Simpsons, Barack Obama, Bush Tax Cuts, Money, Federal Debt, Congressional Budget Office, Medicare, Hillary Clinton, Federal Budget, Alternative Minimum Tax, Brookings Institution, College Tuition Credits, Government Accountability Office, Business News
Scott Bittle and Jean Johnson

The majority of Americans can be impressively sensible and level-headed when they are given the facts and asked to consider trade-offs, but they don't like to be blindsided.

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Don't Expect Economic Problems to End Anytime Soon

Hale "Bonddad" Stewart | Posted 02.26.2008 | Business

Read More: Economy, Bush Economy, Debt, U.S. Economy, Economic Stimulus Package, Inflation, Personal Debt, Business News
Hale

Economic problems run wide and deep. There is no simple way to deal with the escalating federal debt issue. It's going to take cutting spending and raising taxes.

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Credit Cardholders Bill of Rights

John Tepper Marlin | Posted 02.26.2008 | Business

Read More: Credit Cardholder, Bill of Rights, Carolyn Maloney, Credit Card Reform, Debt, Credit Cardholders Bill of Rights, Credit Cards, Credit Card Debt, Personal Debt, Business News
John Tepper Marlin

Rep. Carolyn Maloney describes her bill as "comprehensive credit card reform legislation" that ends "abuses that unfairly hurt consumers."

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Russia Forgives $12 Billion Iraq Debt: Reports

AFP | Posted 02.11.2008 | Business

Read More: Russia, Debt, Russian Debt, Interfax, Alexei Kudrin, Business News

Russia on Monday forgave nearly all the 12.9-billion-dollar debt owed it by Iraq and voiced hopes of increased Russian investment in the war-torn coun...

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At Least Reagan Gave Us Cheese

Joseph A. Palermo | Posted 01.25.2008 | Politics

Read More: Henry Paulson, Ronald Reagan, John Boehner, Franklin Delano Roosevelt, Nancy Pelosi, Holc, Bush Economy, Debt, U.S. Economy, Economic Stimulus Package, Economy, Stimulus, Bush Stimulus Plan, Politics News
Joseph A. Palermo

The Times says that both parties are "pleased" by the plan and that Bush made a "big concession" with this stimulus bill. What "big concession?"

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Subprime Mortgage and Student Loan Parallels

Joie Jager-Hyman | Posted 01.25.2008 | Business

Read More: College Loans and Debt, Debt, U.S. Economy, College Student Credit Cards, Housing Market, Subprime Mortgages, Economy, Subprime Mortgage Crisis, Credit Cards, Student Loans, Housing Slump, Business News
Joie Jager-Hyman

Unlike a house, you can't sell your education to try to pay down your debt.

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The Illusion of the Bush Economy's Growth is Revealed

Hale "Bonddad" Stewart | Posted 01.25.2008 | Business

Read More: Economy, Bush Economy, Interest Rates, Debt, Housing Market, National Debt, Consumer Lending, Bush Debt, Business News
Hale

In effect, the entire economy is going through a process of reevaluating "the greatest story never told" and are discovering it wasn't that good a deal to begin with.

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Why the Fed's Rate Cut Was a Mistake

Hale "Bonddad" Stewart | Posted 01.23.2008 | Business

Read More: Interest Rates, Bush Economy, Debt, U.S. Economy, Ben Bernanke, Alan Greenspan, Inflation, Economy, Fed Rate Cut, Business News
Hale

The problem is the system made too many loans that are now going bad. And the only way to wean us off of that problem (easy money) is to feel the pain so we don't do it again.

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Broke Britain: Millions Face Struggle To Stay Afloat

The Independent | Martin Hickman | Posted 01.01.2008 | Business

Read More: Debt, Britain, Credit Card Debt, Millions in Debt, Britons and Broke, Business News

Debt experts are predicting a record number of personal insolvencies this year as excessive Christmas shopping, rising mortgage payments and soaring f...

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News Flash: We're Broke

Hale "Bonddad" Stewart | Posted 12.23.2007 | Business

Read More: Economy, Taxes, Bush Economy, Debt, Gdp, National Debt, 2008 Election and Taxes, 2008 Election, Bush Tax Cuts, Business News
Hale

We're issuing debt like it's going out of style. Bush's tax cuts were in fact tax deferments because they'll have to increase in order to pay for the spending for the last six years.

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States Need to Follow Harvard: End Loans Completely

Ned Vizzini | Posted 12.12.2007 | Living

Read More: University, Debt, College Loans and Debt, Education, College Loans, College, Making College Affordable, Loans, Harvard, Student Loans, Students, Living News
Ned Vizzini

Harvard has a $35 billion endowment. State governments can't be expected to tap into similar funds to provide free rides for students who deserve them. Or can they?

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Mommy, It's Not Real Money, It's VISA

Tom Gregory | Posted 12.12.2007 | Business

Read More: Debt, Saving, National Debt, Economics, Subprime Mortgage Crisis, Spending, Government Spending, Monopoly, Debt to China, Bush Debt, Credit Card Debt, Business News
Tom Gregory

Eventually America is going to have sell out or do something drastic to service Bush's huge faith-based debt.

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What The Reagan/Bush Debt Means To You

Dave Johnson | Posted 12.08.2007 | Politics

Read More: Taxes, Debt, Budget, Deficit, Reagan Tax Cuts, Tax Cuts for the Rich, National Debt, Economy, Bush Tax Cuts, Politics News
Dave Johnson

As I write this, the U.S. national debt is about $9.17 trillion dollars. Don't for a minute think that you do not owe that money.

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The Worst Economy Of Our Lifetime, pt. II

Hale "Bonddad" Stewart | Posted 11.05.2007 | Business

Read More: Economy, Bush Economy, Debt, Bush Debt, Worst Economy, Business News
Hale

Over the last seven years income has stagnated, yet people have increased their purchases by 18.34 percent. Where did all this new money come from? Tons of debt.

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Reform FAFSA: Getting Money to the Students Who Need It

Zach Marks | Posted 10.29.2007 | Politics

Read More: Commission on the Future of Higher Education, University, Debt, College Loans and Debt, College Loans, College Board, Affording College, College, Making College Affordable, Margaret Spellings, Higher Education, Fincial Aid, College Aid, College Debt, Fafsa, Politics News
Zach Marks

Without reforms to the aid application process, much of the extra $20 billion Congress set aside for making college affordable may never get to the students who need it.

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The Myth That Consumers are Drowning in Debt

Stephen Rose | Posted 10.16.2007 | Business

Read More: Consumerism, The American Consumer, Debt, Consumer Debt, Consumers, Household Debt, Mortgages, Business News
Stephen Rose

Are there some people who have been crushed by their debt? Sure. But the key question is how many.

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The Myth That Consumers are Drowning in Debt

Stephen Rose | Posted 10.15.2007 | Business

Read More: Mortgages, College Loans and Debt, Debt, Credit Card Debt, Mortgage Debt, Business News
Stephen Rose

It would appear that the drowning-in-debt story reflects the conditions of the bottom 20 percent of the population and not the population as a whole.

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The U.S. 10-Trillion-Dollar Debt Limit

John Tepper Marlin | Posted 10.04.2007 | Business

Read More: $10 Trillion Debt, Debt, Bush Debt, National Debt, Deficits, Business News
John Tepper Marlin

There is lunacy in benign neglect of the national debt on at least two fronts.

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The Hype About Credit Card Debt

Stephen Rose | Posted 09.12.2007 | Business

Read More: Debt, Credit Card Debt, Business News
Stephen Rose

CreditCards.com recently released a report saying that the average American household held $9,300 in credit card debt in 2004. That would cause great pain for most families if it were anywhere near the real number.

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