Here is a good, easy to understand explanation of the national debt.
I don't know about you but I'm tired of all the confusing fancy legal language that is hard to understand.
I want simple, and this article slices through over 200 years of the National Debt, beginning in 1790.
I was shocked to learn tht each one of us will owe $184,000 in debt as the amount rises to $45 trillion.
Do we really want more debt?
Read Mountain of Debt: Rising Debt May Be Next Crisis
Popularity: 7% [?]
Related Websites -
How to Retire Wealthy This is a Guest Post by Fellow Yakezie Member, Derrick from Life and Finances. Personally, I love the name of this website, “My Journey to Millionsâ€. Perhaps some of you think it’s egotistical to proclaim that you’ll be a millionaire, but I’d have to say that you’re dead wrong. We...... - Surprise: Americans Actually Begin Saving Money During the height of the real estate bubble back in 2005, the US personal savings rate dipped into negative territory for the first time since the Great Depression (which is a flawed statistic in the modern era, but that's another article). What that means is consumers simply spent more money than......
-
Living Beyond Your Means: School Bus Driver Losing Her $800,000 Home to Foreclosure Every now and then you see one of those news stories that make you shake your head and say... What??? CNN ran an all too common story today about a family who is, sadly, about to lose their $800,000 home due to foreclosure (see video below). Such stories are becoming commonplace and...... -
My Debt Snow Ball I accomplished one of my very minor goals recently - I went through and created a comprehensive debt review and plan to pay it off. The Wife and I have way, way, way too much consumer debt. I say consumer debt because I do not feel the need, right...... -
TransUnion Reveals National Credit Card Debt on the Rise TransUnion.com, one of the three major credit bureaus, released the results of an analysis study of the trends in credit card lending specifically for the third quarter of 2008, revealing that credit card debt is on the rise. The report is one part of an ongoing series of quarterly consumer......