debt

Short-Term Budget Deal Reached That Includes Back Pay Plus 1% 2014 Pay Raise for Government Workers and Pay Freeze For Congress

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A short term budget deal has been reached and the government shutdown is over. The debt ceiling has also been raised which will allow the nation to pay its bills and service new debt/payment obligations. But the deal legislation includes a few interesting provisions which are summarized below The Senate brokered budget deal would finance […]

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How Our Tax Dollars Are Spent by The Government

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Ever wondered where all our federal tax dollars go? I did and a recent report from the center on budget priorities and policies (CBPP) provided a very nice graphic on how federal tax dollars are distributed. With all the political rhetoric that abounds around the national debt, excessive federal spending and the uncertain future of […]

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Saving for the Future: College Tuition vs. Retirement

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Despite the skyrocketing costs of a college education, a bachelor’s degree, at the very minimum, is an essential requirement to get ahead in this world. With few, notable exceptions, gone are the days when you could make a healthy, livable income right out of high school. But for parents, the increasingly unaffordable cost of a […]

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Will The Debt Ceiling be Raised and Who’s to Blame for This Mess – Republicans or Democrats?

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The national debt debate continues with millions of federally funded individuals and corporations facing the real prospect of taking a big hit to their bottom line if the debt ceiling is not raised. Whichever side of the debate you are, the fact is that over the past 30 years the debt ceiling has been increased […]

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How Much A Debt Deal Will Cost You With Higher Taxes, Fewer Deductions, Lower Benefits and Working Longer

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[Update as of July 23rd] It’s time to pay for the American dream. In various discussions around how to cut the national debt, so that we don’t have to keep raising the debt ceiling, one theme that is common in most plans is that Americans now and for generations to come are going to feel […]

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How to Avoid Hefty Credit Card Interest and Fees via Good Habits and Knowing Your Rights

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Using credit cards has become a way of life for many of us. For the most part, credit cards do offer a convenient way to make purchases, and they enable us to walk around without mounds of cash in our pockets. In return for this and other conveniences like reward programs, however, there can also […]

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What Gym Fees and Interest Payments Have in Common

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Ever been curious about the seeming universality of the desire to purchase goods and services without paying for them immediately? Many credit card users fall victim to this desire for instant gratification knowing full well they can’t actually afford what they bought without going into debt. Deferring payment until tomorrow allows for a surprising amount […]

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Carnival of Personal Finance #298 – The Best Money Articles Online

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Its been a while since I hosted the CoPF and I was pleasantly surprised to see many new faces in the personal finance blogging space along with some of my old favorites. It was especially interesting to see some of the newer blogs out there because it reminded me of my journey in building Saving […]

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Obama’s 2012 Budget Proposal – What It May Include

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[Updated Feb 14 2011] President Obama has officially released his administration’ $3.7 trillion fiscal budget blueprint for 2012, which will result in a $1.65 trillion deficit (10.9% of GDP) in the current fiscal year – the largest dollar amount in U.S. history. With cutting the federal deficit a big focus, the proposed budget would trim […]

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Economic Outlook and How to Invest and Prepare For the Year Ahead

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So what will the year ahead look like for the US and global economy? Last year was a year of recovery, but it was sputtering and many questioned whether the recovery was real and if it could be sustained. As we head in to 2011 things are looking brighter following a booming stock market (up 13%), […]

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