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