Economy

Readers’ Input Requested…Am I Too Tough on My Strategic Default Stance?

When I wrote the post What is “Strategic Default” and Should You Consider It?, I was tough on those who have used this tactic. First, a definition:  Strategic Default, according to Wikipedia, is “the decision by a borrower to stop making payments (i.e. default) on a debt despite having the financial ability to make the [...]

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How Has The Economy Changed You?

A recent article in Money Magazine provided some interesting statistics.  A group of people was asked how they felt the economy would impact their lives.  From questions about children to retirement and family life, the results were interesting to read. 53% of Americans aren’t sure their kids will be better off than they are. How [...]

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Difference Between Debt and Deficit

I can’t tell you how many times I’ve heard the words debt and deficit thrown around on the news this year.  It seems like every time I turned on the TV or read an economic article, people would make it a point to talk about our nation’s debt and the budget deficits.  But what’s interesting [...]

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Prospects for an Economic Recovery Are Looking Bleak: Here’s Why

As the United States economy remains in a decline, financiers, particularly those in the soon-to-retire baby boomer generation, have good reason to be worried about their investments. There exists widespread concern about recent investment performance, major anxiety about future developments and doubt as to when or even if financial investments will ever recoup losses.  Some [...]

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Reduce Government Debt by Putting Lawmakers on Commission

As an Illinois resident, I am intrigued by newly-inaugurated Rep. Dwight Kay’s recent proposal (HB0110) to cut state lawmaker’s salaries by 10-percent.  Although Kay’s motives are not clear, I am assuming that he either wants to make a name for himself or punish those responsible for Illinois’ massive debt problems.  Probably some of each.

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Why America Is Doomed to Debt

Fixing the national debt is not about politics or economics; it is about human nature.

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What Health Care Reform Means for Health Care Workers’ Salaries

I want to thank Joy Paley, my guest contributor, for today’s post.  Knowing that Joy works in the health care career field, I requested an article explaining what impact the new Health Care legislation will have on salaries for health care workers.  Thank you, Joy, for your well researched post. By: Joy Paley, a writer [...]

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Does the Bible Teach Communism?

I recently read a column on Biblical Communism by Austin Cline, a Regional Director for the Council for Secular Humanism. Admittedly, Cline seems to make a good case that the early Christians practiced communism, but a deeper look at his claim will unearth some holes in it.

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The Real Estate Bubble: What Happened and What Can We Learn From It?

Authors Wiedemer, Wiedemer and Spitzer gained great credibility when their first book, “America’s Bubble Economy” accurately predicted the upcoming real estate meltdown two years before it happened. “Aftershock”, their second book, further explains not only what happened to the real estate market, but gives stark warnings of other bubbles which have yet to pop.

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