Category Archives: Debt

Debt Ceiling Raised…Problem Solved!

As you all know, our brilliant lawmakers finally came to an agreement at the final moments to raise the debt ceiling.  They also were able to comprimise on cutting some spending over the next 10 years to try and help our overall debt situation, which they seem very proud of.  But unfortunately, the amount of…
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Will U.S. Default On Our Debt?

We are getting close to the August 3rd deadline and many Americans are wondering, "Will the US default on our debt?"  The implications of this happening could be disasterous.  But the fact that we're in this position alone has probably already done a lot of damage to our credit reputation.  Here's a great article from the…
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Raise the Debt Ceiling

This was an article today on www.CNNmoney.com written by Jennifer Liberto.  I'd love to hear your thoughts about this topic. Federal Reserve chief Ben Bernanke reinforced his call on Thursday for Congress to raise the cap on U.S. borrowing, saying a failure to do so could lead down the same risky path that the failure of…
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