Debt

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Counting the Cost of Good and Bad Debt

Jim Wallis | Posted 04.26.2009 | Politics

Read More: President, President Obama, Pay, War, Wage, Media, Employment, Government Spending, Debt, Peace, Conservative, Environment, Government, Infrastructure, Dollar, Tax Cut, Loans, Tax Cuts, Homeless, Health Care, Cost of War, Greed, Irs, Money, Veterans, Budget, Education, Trillion, Biblical, Health, Rich, Healthcare, Spending, Bible, Budget Surplus, Military, Credit Card, Conservative Ideology, Bush Presidency, Proposed Budget, President Clinton, Economy, Luke, Politics News

While watching President Obama's press conference Tuesday evening, I was struck by a few things that are often forgotten in the criticism of his proposed budget.

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National Debt Hits Record $11 Trillion

Politico | MANU RAJU | Posted 04.17.2009 | Politics

Read More: National Debt Amount, National Debt Record, Debt, National Debt, Politics News

The eye-popping national debt surpassed $11 trillion Monday, the largest in U.S. history. The new Treasury Department figures on the national debt w...

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"If China Calls, Tell Them I'm Not Home."

Dean Obeidallah | Posted 04.15.2009 | Comedy

Read More: Debt, Obama China, Foreign Debt, China, Economic Crisis, Barack Obama, Treasury-Bonds, China Debt, Treasury Bonds, Debt Collectors, Debt Collection, Debt Collection Industry, Comedy, Comedy News

As a comedian, I have had to deal with my share of debt collectors in the past so I wanted to offer some advice to President Obama on how to best avoid China if they start trying to collect their trillion dollars...

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U.S. Debt Expanding, Homeowner Equity Crashing: Report

OptionARMageddon | Rolfe Winkler | Posted 04.13.2009 | Business

Read More: Debt, National Debt, Homeowners, Credit Card Debt, Debt Equity, American Debt and Equity, Homeowner Equity, American Equity, Business News

GDP for the full year 2008 was higher than 2007. But Q4 2008 GDP was lower compared to Q3. So towards the very end of the year, the denominator (GD...

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A Forerunner of Credit Card Debt Helped Spawn the Revolutionary War

Russ Wellen | Posted 04.12.2009 | Business

Read More: Financial Crisis, Debt, Credit Cards, Credit Card Debt, Credit CARD Act, Usury, Business News

Even George Washington had reasons other than unadulterated fealty to Lady Liberty for rejecting foreign rule. In fact, what galvanized him was the 18th century version of credit card debt.

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Schumer Will Investigate Posthumous Debt Collection

AP | Posted 04.11.2009 | Politics

Read More: Chuck Schumer, Charles Schumer, Schumer, Debt, Credit Card Debt, Posthumous Debt, Politics News

WASHINGTON — A senior senator is asking the Federal Trade Commission to investigate reported instances of debt collection firms asking people to...

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Debt Horror Story: Parents Hounded For Their Late Son's Payments

HuffingtonPost.com | Arthur Delaney | Posted 04.10.2009 | Business

Read More: Debt After Death, Zombie Debt, Debt, Debt Collection, Federal Trade Commission, Business News

This story was reported with help from our readers. Have you been asked by a collection agency to pay debt for a deceased friend of relative? If so, ...

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Generational Theft?

Alan Fein | Posted 04.10.2009 | Business

Read More: New Orleans, Debt, President Obama, George W. Bush, Halliburton, Democrat, President Eisenhower, Budget Deficit, Republican, Business News

The capital projects coming out of the stimulus plan and the Obama budgets are designed to create long-term wealth, and assets that will ensure to the benefit of generations to come.

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Moody's "Bottom Rung" List Of 283 Companies At Risk Of Default

Huffington Post | Julie Satow | Posted 04.10.2009 | Business

Read More: Moody's Bottom Rung, Moody's List, Debt, Moody's the Bottom Rung, Bottom Rung Moody's, Defaults, Moody's Bottom Rung List, The Bottom Rung, Moody Bottom Rung, Bottom Rung, The Bottom Rung Moody's, Moody's Investor Services, Bottom Rung List, Moody's, Moody's Default List, The Bottom Rung List, Moody's Bottom Rung Companies, Moody List, Business News

On Tuesday, Moody's Investors Service published a new list called the Bottom Rung, which details which companies the ratings agency says are most like...

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HuffPosters: Share Your Tale of Zombie Debt

HuffingtonPost.com | Arthur Delaney | Posted 04.04.2009 | Business

Read More: Debt After Death, Zombie Debt, Debt, Estate Debt, Death, Business News

There's a new frontier in the debt-collection industry: the dead. The New York Times reported yesterday that improved database technology has made it ...

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The Obama Revolution

Alan Schram | Posted 04.02.2009 | Business

Read More: Dollar, Wall Street, Banks, Inflation, Taxes, Business News, Credit Crunch, Debt, Obama, Bank Deposits, Stimulus, Deficit, Tarp, Dow, Financial Crisis, Nationalization, Business News

The new budget President Obama proposed last week is no less than another American revolution, an economic revolution that changes the very fundamenta...

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Economic Meltdown or Back to Normal?

Hugh McGuire | Posted 04.02.2009 | Business

Read More: Politics, Debt, Financial Meltdown, Wealth, Economics, Inflation, Finance, Money, Stocks, Trade, Economic Crisis, Monetary Policy, Business, S&P, China, Business News

The wealth of the past 10-15 years was illusory. The markets have in fact dropped back to where they "should" be.

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Memo To Business: Only Unions Will Save Your Bottom Line

Jonathan Tasini | Posted 04.02.2009 | Business

Read More: Efca, Henry Ford, Unions, Working Life, Profit, Debt, Wages, Business, Business News

Henry Ford used to say that he wanted his workers to have enough money to buy his cars. For their own self-interest, business, and their Republican allies in Congress, should embrace broad unionization.

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While the Economy Tanks, the President's Team Dawdles

Ann Pettifor | Posted 03.31.2009 | Business

Read More: Interest Rates, Debt, Deflation, Deflationary-Spiral, Financial Crisis, Federal Reserve, Larry Summers, Treasury Secretary, Business News

The stock market knows what Treasury still needs to admit: the banks are bust. Their CEOs lack all credibility. Until they are nationalized the Dow will continue its very rational path downwards.

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Coming Soon to a Neighborhood Near You

Michael J. Panzner | Posted 03.30.2009 | Politics

Read More: Federal Bailout, Debt, U.S. Economy, Violence, Federal Reserve, Borrowing, Rescue Plan, National Debt, Federal Budget Deficit, Conflict, Bailout, Financial Rescue, Economic Rescue Package, Spending, Protest, Washington, Protests, Protestors, Politics News

After almost four decades of relative calm and complacency, there are signs that the social mood is beginning to sour.

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The Potential Impact of Jindal's Message

Lincoln Mitchell | Posted 03.30.2009 | Politics

Read More: Debt, Ronald Reagan, Federal Budget Deficit, Bobby Jindal, Budget, Democratic Party, Newt Gingrich, Republican Party, Barack Obama, Jindal Speech, Politics News

Jindal's speech is easy to dismiss, but the potential power of his misleading message must be taken seriously.

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China and the Debt

Arthur Rosenfeld | Posted 03.28.2009 | World

Read More: Chinese History, Debt, Foreclosure, Real Estate, China, Great Depression, Economic Warefare, World News

The Chinese hold our debt and buy our real estate and in return we buy their manufactured goods. Perhaps we could bring some Chinese wisdom and savvy over too, just to balance the beam.

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The Credit Card Debt Crisis: The Next Economic Domino

Arianna Huffington | Posted 03.27.2009 | Business

Read More: Debt, Consumer Debt, Economy, Economic Crisis, Financial Crisis, Credit Crisis, Credit Cards, Credit Card Debt, Bank of America, Business News

Hot on the heels of the banking crisis, the employment crisis, and the mortgage/foreclosure crisis, the country is on the verge of experiencing a credit card crisis.

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Red Dollar, Blue Dollar: Republican Hubris and Hypocrisy

Jeff Schweitzer | Posted 03.27.2009 | Politics

Read More: Deficit, Debt, Bailout, Wall Street, Iraq War, Obama, Repubilcans, Democrats, Stimulus Package, Bush, Politics News

The GOP has no credibility in opposing a stimulus package that effectively repudiates their failures of the past eight years.

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8 Ways To Dig Yourself Out Of Debt

oprah.com | Posted 03.26.2009 | Living

Read More: Taxes, Debt, Tips to Get Yourself Out of Debt, Economic Crisis, Tips to Get Out of Debt, Bills, Financial Situation, Get Out of Debt, Recession, Living News

The new year is a wonderful time to make a fresh start--but that can be difficult if you're still trying to pay for everything you did in the last yea...

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Floridians Turn To Blackjack To Recoup Lost Savings

United Press International | Posted 03.26.2009 | Business

Read More: Gambling, Debt, Flordia Blackjack, Florida Gambling, Floridians Gambling, Florida, Recession, Business News

The head of the Florida's compulsive gambling council says a growing number of state residents are attempting to recoup personal loses through blackja...

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Held Hostage -- By Your House

Manisha Thakor | Posted 06.12.2009 | Business

Read More: Saving, Financial Literacy, Recession, Debt, Consumer Spending, Personal Finance, Housing Crisis, Economy, Recovery, Business News

Most Americans do not know the answer to this simple but powerful question -- "how much is a house can I afford?"

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The President Must Heed Lincoln and Ignore Economists

Ann Pettifor | Posted 03.23.2009 | Business

Read More: Abraham Lincoln, Federal Reserve, Financial Crisis, Credit, Money, Bank Money, President Obama, Debt, Business News

We must once again make money work for the people.

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Wall Street: Get Their Claws Out of the Real Economy

Ann Pettifor | Posted 03.14.2009 | Business

Read More: Interest Rates, Debt, Credit Crisis, Bank Bailout, Deflation, Wall Street, Cost of Credit, Deflationary Spiral, Debtonation, Business News

The Treasury seems in danger of pandering to the Wall Street beast, rather than protecting the vulnerable -- those companies where real wealth is created.

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Late and Short

Max Fraad Wolff | Posted 03.14.2009 | Business

Read More: Jobs, Debt, Unemployment, National Debt, Obama Economy, Stimulus, Recession, Economic Stimulus Package, Stimulus Package, Business News