Would Getting the Economy On Track Give Us A Free Pass Out of the Federal Budget Mess?
By Scott Bittle and Jean Johnson, Authors of Where Does the Money Go? Rev Ed: Your Guided Tour to the Federal Budget Crisis
It looks like the country might finally be gearing up to tackle our massive federal deficits and growing federal debt. If history is any guide, serious debate about unpleasant things like cutting popular programs and raising taxes will be accompanied by plenty of people hawking miracle cures that will take away our pain.So it's no surprise that a lot of commentators, on both the left and the right, say that the real answer to the deficit and national debt is to fire up the economy and "grow our way out of it," with some even calling economic growth "the miracle deficit cure."
There's hardly anything more popular than prosperity. Business people thrive when the economy is growing; it creates jobs and rising incomes so workers like it too. If you're a comic book fan, even super-villains like Lex Luthor and the Penguin enjoy the benefits. (Read More....)
Getting out of debt - a 'how-to' guide
More and more people I know are falling into debt. Some of them have been able to clear their debts and get on with their lives, while others have struggled to repay what they owe and are still finding it difficult to get on top of their finances.
So, from my own experience, and from watching how my friends have done it, I have decided to put together this short guide about how you can get out of debt.
This three-point guide isn't guaranteed to get you out of debt, but it should certainly help improve your financial situation.
Create a realistic budget
The first thing you should aim to do is create a realistic budget. I must stress the word 'realistic' here - because if your budget isn't realistic, you will find that you won't have enough money to cover the cost of your expenses.
I'll give you an example here… my friend created her budget by writing down absolutely everything she earns and spends each month. She then subtracted the amount she spends from the amount she earns - this left her with the amount of money she has 'spare' each (Read More....)
Today we have a guest post from a reader named Martha that I think you all are really going to enjoy. She has some very interesting insights into debt settlement....
Debt Settlement: How to negotiate with creditors or collection agencies for debt settlement
Debt Settlement is the process of reduction in your debt amount. In the process of Debt Settlement the creditor reduces the debt amount to a certain limit and in return the debtor agrees to clear off the entire debt in a lump sum payment. Debt Settlement is also known as Credit Settlement and Debt Negotiation. The process of Debt Settlement does not arise till the consumer continues to pay off his amount regularly. It arises only when the consumer stops paying his installment regularly and the debt gets on accumulating.
The (Read More....)