As the debt bubble grows:Â US Gross National Debt to Spike by 800 Billion Dollars in October.
It is rather clear that we are spending beyond our means like a young college graduate with their first paycheck. Consumer debt continues to spin wildly out of control and the government continues to spend money that it does not have. This works until it doesn’t. Of course the usual debt ceiling slash political charade […]
The retirement gamble: 30 percent of American adults have no retirement savings. Half of Americans live paycheck to paycheck.
Retirement angst is a big deal. It probably feels like a bigger deal since older baby boomers are now entering into retirement age in wildebeest like droves. A time that was supposed to be spent sipping ice cold margaritas on the warm beaches of the world is now filled with working retail jobs or trying […]
Total U.S. debt breaks $19 trillion mark: Total debt rises by $8.4 trillion in last 8 years and is on pace to hit $22 trillion by 2020.
When the party is getting ready to end, you might as well ramp up the spending and put it on the nationwide credit card. Total U.S. debt blew right through the $19 trillion mark and has expanded by $8.4 trillion only in the last 8 years. There are countless obligations in the form of Social […]
What the heck? U.S. Public Debt up $518 billion in November alone: U.S. debt ceiling made of toilet paper.
You might remember that back in March, we hit our debt ceiling limit. The amount registering on the U.S. Treasury Department website was stuck at roughly $18.15 trillion. Of course given our addiction to spending and debt, we simply charged all new spending off the books. We as a country have a deeply rooted addiction […]