debt

Don’t Trust the Government? Join the Club

Posted on 10/22/2013 by | Washington Watch | Comments

Bulletin Today | PoliticsPublic trust in the government is near an all-time low — not exactly a shock for a survey taken during a shutdown of the federal government. Sign up for the AARP Money Matters newsletter. Only 19 percent of American adults trust the federal government to do what’s right just about always or most of the time, according to a new survey from the Pew Research Center for the People & the Press. More than four-fifths of respondents said they are …

4 Facts You Should Know About National Debt and Default

Posted on 10/14/2013 by | News, Culture, Sights and Sounds | Comments

Bulletin Today | PoliticsIn all of the turmoil about a possible U.S. default on its $16.8 trillion debt, there’s an overload of information to follow. Here are four tidbits that you might have missed. Sign up for the AARP Money Matters newsletter 1. China does not “own our debt.” Yes, it does hold an IOU from the United States for about $1.28 trillion, making China Uncle Sam’s largest overseas creditor. But that represents only 7.6 percent of the nation’s debt. 2. The U.S. …

Will the Fiscal Crisis Ensnare Social Security and Medicare?

Posted on 10/9/2013 by | Washington Watch | Comments

Bulletin Today | PoliticsNot again. It looks as if cuts in Social Security and Medicare may soon be pulled into the budget battles now under way on Capitol Hill. In an op-ed piece in today’s Wall Street Journal titled “Here’s How We Can End This Stalemate,” House Budget Committee Chairman Paul Ryan (R-Wis.) describes changes in the two programs as “vital.” Sign up for the AARP Money Matters newsletter “Let’s negotiate an agreement to make modest reforms to entitlement programs and the tax code,” …

Angry About the Shutdown? Join the Club

Posted on 10/1/2013 by | Washington Watch | Comments

Bulletin Today | PoliticsAmericans don’t want the government shuttered to block Obamacare, and they lay blame for the shutdown on Republicans, according to a Quinnipiac University Poll released on Oct. 1. To be sure, Americans aren’t wild about the Affordable Care Act, but they oppose the idea of shutting down the government to stop it by a massive 50-point margin — 72 percent to 22 percent. A similar share is also against blocking an increase in the debt ceiling for the same purpose. …

Americans’ Financial Plan Is Not to Plan

Posted on 09/18/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsSome people might prefer bathing the dog to sitting down and creating a financial plan. However, adults who take the time to develop a comprehensive financial plan are more likely to manage their money successfully, and are more confident about reaching their goals, like saving for retirement or paying off credit-card debt, according to a report released Wednesday. Unfortunately, they’re in the minority. Only one-third (32 percent) of some 1,002 people surveyed say they’ve created a comprehensive financial plan. And …

In Eviction Dispute, It’s David 1, Goliath 0

Posted on 08/23/2013 by | Legal Grounds | Comments

Bulletin TodayRafael Lee is 82, it’s true. But the New Yorker’s energy and attitude revealed itself when he hired a lawyer to protest a law firm’s attempt to evict him from his rent-controlled apartment – and won. Turns out that Lee (or his lawyer, James Fishman) may have known more about federal debt collection law than the landlord’s law firm, Kucker & Bruh, which, somewhat ironically, specializes in … debt collection. First-year law students (I teach ‘em) learn on their first …