Tag Archives: Credit Card Debt

Walking Away From High Credit Scores

We have all heard it said: “Cash Is King.” A growing number of Americans are starting to agree. Continue reading

Posted in Best Of The Storm, Fresh Perspectives, Home Economics, Mortgage News, Social Mood Swings | Tagged Consumber Spending, Credit Card Debt, Credit Scores, Strategic Defaults | Leave a comment

Must-See Animation: The Crisis of Capitalism

The American Dream has become buying it all today and paying for it tomorrow…with interest. Houses, cars, clothes, college education. The average household spends thousands on interest every year. No wonder the financiers are getting richer! Continue reading

Posted in Banking and Finance, Best Of The Storm, Fresh Perspectives, Home Economics | Tagged Consumer Debt, Consumer Spending, Credit Card Debt, Interest Rates, Student Loans, The American Dream, The Fed | Leave a comment

Breaking America’s Financial Illiteracy

Not surprisingly, Generations X and Y are getting themselves into huge financial trouble. Our public schools must step up to give our kids a practical, real-world financial education if America’s cycle of financial illiteracy is to be broken. Continue reading

Posted in Best Of The Storm, Home Economics, Social Mood Swings | Tagged Auto Loans, Consumer Spending, Credit Card Debt, Financial Literacy, Public Schools, Student Loans | Leave a comment

It Was a Wonderful Life

“Just a minute – just a minute. Now, hold on, Mr. Potter. You’re right when you say my father was no businessman. I know that. Why he ever started this cheap, penny-ante Building and Loan, I’ll never know. But neither … Continue reading

Posted in Fresh Perspectives | Tagged Constitution, Credit Card Debt, GDP, Government Spending, Inflation, National Debt, Taxes | Leave a comment

How Strategic Default Could Save Our Economy

More Debt Is Not The Answer “I was on my way to recovery, then you enabled me.” – Drug Addict Bailing out banks is like a mother giving her 28 year old son that is living at home, money for … Continue reading

Posted in Home Economics | Tagged Credit Card Debt, National Debt, Strategic Defaults | Leave a comment