government

2013 Debt Ceiling Debate – Spending Cuts, Soaring Deficit, Tax Refund Delays and Political Theatrics

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As I was writing this article I re-read my original pieces on the 2011 debt ceiling debate/deal and got a major sense of deja-vu. After 18 months we are back in the same place with a dysfunctional Congress, who barely passed legislation to avert the fiscal cliff, trying to reach a new deal to keep the nation from the edge of […]

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Will We Fall Off The Fiscal Cliff in 2013 – Impacts on Your Taxes and Finances

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The Washington Post had two graphics that neatly summarize the impacts from the fiscal cliff. This is the number one topic in the world of finance and almost all Americans will be impacted by the potential fallout in some fashion. My opinion is that Congressional Republicans and the Obama administration will reach some form of deal by year-end to […]

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Existing and Proposed Government Housing Refinance Programs

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One of the most frequent questions I receive is around getting guidance on the various government refinance programs on offer. The table below, published in a recent report looking at the effectiveness of existing refinancing programs, provides a succinct summary of the key refinance programs on offer to Americans. It also contains a couple of […]

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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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Is Another Home Buyer Credit or More Foreclosure Relief In The Works as Housing Market Faces Double-Dip

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With home values continuing to drop to record lows across the nation many home buyers are reluctant to make a purchase this year; which places even more pressure on home owners looking to sell. Recent data from online realty site Zillow suggest that home prices will continue to fall until late 2012. This is not […]

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Government Shutdown Impacts – Will Social Security Benefits, Contractor and Federal Employee Pay Checks Stop?

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[Updated October 2013] A short term 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 latest deal would finance […]

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2013 Locality Pay Rates – General Schedule (GS) Pay Table Adjustments

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[2013 Locality Pay Rates Update] The president has signed an executive order that freezes GS pay rises in 2013. Unfortunately the executive order and existing continuing resolution also stated that, “…….. locality payments in 2013 for Government wide and single-agency categories of employees….will continue at the same rates that were in effect since [last year]” I […]

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2011 Updates – Tax Brackets and Rates, Government (GS) and Military Pay Scales, 401K and IRA Limits and Stimulus Payments

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I have made a number of updates to popular topics on this site and in case you missed them, here is a quick recap with a link to the detailed information. 2011 Tax Rates and Brackets Following Bush-era Tax Cut Extensions With approval of a two-year extension to all the Bush-era tax cuts, the 2011 […]

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Deficit Reduction Plan: Solve America’s Debt Problem By Cutting Taxes, Social Security, Medicare and Federal Retirement Benefits

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To tackle America’s growing national debt problem, President Obama put together a task force earlier this year to look at options on how to cut government spending, implement tax reform and improve the effectiveness of federal entitlement programs. The deficit reduction commission co-chairs (Erskine Bowles and Alan Simpson) put forward a $3.8 trillion deficit-cutting draft […]

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