We have problems in America. The most obvious is a busted budget, an overtaxed citizenry (at least for the 53% who pay into the system), another push on gun control, a broken immigration system, a socialist healthcare model and gay marriage rights. The litany of challenges we face goes on. They plague our political discourse with negativity and dissension.
The Fiscal Cliff, the Sequester, and the Continuing Resolutions now are behind us. The next Episode in the Continuing Saga is looming: the Debt Ceiling. President Obama has put down his table ante...
Forgiven is forgiven. That means the deal and any obligation is completely wiped out and gone. But chances are, Chase or MasterCard aren’t going to call you up and forgive the debt.
Car payments and the credit card debt are the same thing. They’re both debt payments, and you’re being charged interest on both of them.
A recent poll by the Pew organization showed that while those of us in Our Nation's Capital and the 2,375 people who watch cable chat shows are consumed by the looming sequester, the other 75% of Americans are just shrugging, sighing, and smiling knowingly that the world will go on after Friday.
The other day a group of us were at a restaurant. All of a sudden there was a child stomping his feet and stating he was not going to do what he was told.
Americans live in a consumer culture. We like to buy things. When we can’t afford to purchase something we really want, we turn to credit cards and loans, even though we end up paying more due to interest payments. Over half the population paid interest on credit cards in the past year. “Buy now – pay later”.