CBO says debt is unsustainable

I am in so much debt due to divorce and my job cutting pay. Has anyone used a debt consolidation company with any success? I need to do something and just don't know where to turn. ...

National debt: $16,054,053,797,341 and climbing. Obama says this debt is not anything to worry about "in the short term." If the economy gets better, the interest rates will rise. Can your children afford the re-payment? ...

Does Debt Make You Uncomfortable? After years of being in debt where 90% was not even yours, you feel so much better being debt free. Then something comes up where you have to be in debt again with 80% having nothing to do with you with worry of where that could end up. Really not a fan of debt, I rather use funds that exist, however when something medical comes up there is only so much that can be done, even being needed ones does not have to be comfortable with it. ...

http://www.foxnews.com/politics/2011/07/26/debt-debate-highlights-history-spending-problems/ ...

This is ridiculous. Debt Ceiling: Should the United States of America pay its debts as it agreed to or should they default? Are you kidding me? Should the USA become a deadbeat country? Really? Each month when I receive my credit card statement, my utility bills, my car loan statement, I don't ask my husband: Should we pay these? We incurred the debt. We are OBLIGATED. We are already driving the car. We have alread ...

I have been a transcriptionist for 16 years and am back in school full time to get a degree in social work. I'm shooting for an MSW. My husband makes roughly 2400 a month. I have just over 4000 in savings to supplement. Individually, we are each 25k in debt. This doesn't include the school loans I will be accumulating in the next few years to achieve my degree. We also have roughly 1600 dollars a month living expenses (utilities, mortgage, phone, sew ...

Now these are smart kids. Good video that just tells it like it is. http://www.youtube.com/watch?v=GnDyXrSwJnA ...

We divorced 5 yrs. ago, a 72 month car loan that he drove and kept was/is in my name only, as he had bad credit. He recently defaulted on the loan, they can't find the car, holding me responsible. (We are both on the car title). And yes I did sign for the loan, will not do any good to get a court ordering him to refinance as he will ignore it, he has nothing to lose and he can't get a loan anyway. He has a criminal history is facing more charges this month, might end up back in p ...

$14T and growing at a rate of $4 billion a day! Isn't that just ducky! The government borrows 41 cents for every dollar it spends and we, the people, every man, woman, and child, equals $45,300. I'm so glad my 3-yo grandson will have a good life. Has the TARP money been applied to this debt? I didn't see anything in any article on that. What to do? Raising the debt ceiling will keep us "solvent" for a little while, but what happens when that limit is reached? Will they rais ...

How good does it make you feel?Basically only having a house payment if that.Rather owning older items so more money is not used then needed.Of course we may all have nicer items if we won a few million, since that is not the case we do what we can. ...

Very interesting article ...

THE WHITE HOUSE Office of the Press Secretary FOR IMMEDIATE RELEASE July 31, 2011 BIPARTISAN DEBT DEAL: A WIN FOR THE ECONOMY AND BUDGET DISCIPLINE The debt deal announced today is a victory for bipartisan compromise, for the economy and for the American people. The agreement: · Removes the cloud of uncertainty over our economy at this critical time, by ensuring that no one will be able to use the threat of the nation’s first default now, or in only a f ...

See article....and click on page 2....whopping 22%. ...

I like this website. They usually have interesting articles. This talks about the European Debt Wars. http://www.globalresearch.ca/index.php?context=viewArticle&code=HUD20100409&articleId=18545 ...

Just wondering which company to go with? Has anyone used a debt consolidation company recently? I wanted to consolidate my debt, but could not get a personal loan to do so. I dont have a huge gigantic amount of debt, but I do have enough that I could use the help since my MT job keeps getting smaller and smaller! Any info on a good company to use would be greatly appreciated!! ...

Has anyone used a very credible debt management plan successfully? I need a nonprofit one that doesn't charge a monthly fee if at all possible or one of my largest debts won't accept their plan. Prefer something online, but not sure which ones to trust. Any information will be greatly appreciated. Thanks so much! ...

We are having to cut down spending. I lost my job due to an injury and my husband makes 12 an hour (I was the main provider making twice that). We are having to eliminate things and limit our spending, which has not been fun, but we have managed. It is now getting down to crunch time though, where other things will have to be eliminated. I already count all my pennies at the grocery store and fly into a panic when it goes over a little over budget, and keep my eyes glued ...

With prices heading higher, the S&P downgrades our debt status to an "A" instead of tripe-A. This shows how much trouble we are in...the roller coaster is headed down now. It won't be easy to get credit and trade may suffer too.We're not supposed to get excited yet, but first quarter earnings are lower for most corporations, Saudi Arabia cut their oil output because of "a lack of buyers." Gold surged to a new high at $1493.30 and silver is at a high not known for 31 years. S&P ...

Someone suggested last night on Fox that they should have a big gong and hit it whenever another billion is hit. BONG! ...

"Romney the businessman built his career on two things that Romney the candidate decries: massive debt and dumb federal giveaways....By making debt the centerpiece of his campaign, Romney was making a calculated bluff of historic dimensions," Taibbi writes. "No one in history has ever successfully run for president riding this big of a lie." ...

More Than First 42 Presidents in 53 Terms Combined http://cnsnews.com/news/article/first-term-obama-increased-debt-50521-household-more-first-42-presidents-53-terms ...

When I saw "Job Prospects are Dimming for Radiology Trainees," I was concerned because I was considering going back to school to become an x-ray tech or sonographer. However, the NY Times article is referring to actual radiologists and the fact that their job market is taking the same kind of downturn as the one for MTs. The words "sweat shops" actually appear in this article. While the author downplays the role of offshoring to foreign entities, we all know that is the next lo ...

No message required. ...

After World War II ended, the debt limit was reduced to $275 billion. Because the Korean War was mostly financed by higher taxes rather than by increased debt, the limit remained at $275 billion until 1954. After 1954, the debt limit was reduced twice and increased seven times, until March 1962 when it again reached $300 billion, its level at the end of World War II. Since March 1962, Congress has enacted 74 separate measures that have altered the limit on federal debt. Time Line from 1958-2011 ...

What started as hot air has now become a thunder cloud. Should Congress fail to reach a compromise to raise the debt ceiling, a multitude of economic sectors could take a hit—if not come to a screeching halt. We review the effects as forecasted by economists and ask “Should you worry?” The answer, in short: Yes, probably so. 1. Global economy: Asian and European stocks “shuddered,” on Monday, as William Alden of the Huffington Post put it, after Congress f ...

DNC must be proud. Obama must be thrilled about that. Gee, debt couldn't wait until after the convention, could it? ...

I've been watching video on national security and debt, part of the Strengthening America -- Our Children's Future. Very interesting. If you have the time, watch each one on this site. If you don't, download the PDF transcript on the right side. The various videos were seen on CSpan, where they originated. There are loads of video and audio tapes. When you have times on your hands, look and listen to others. I plan to do that. The Steering Committee for Strengthening of Am ...

Filibuster denied. Took a lot of guts on the part of M. McConnell. TP will hit him hard in Kentucky. But he did the right thing. ...

CBO says debt is unsustainable

Like this is any surprise. nm - WAKE UP AMERICA !

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