President Barack Obama said Sunday night that he and Congressional leaders had reached a debt deal that cuts trillions in federal spending. The debt ceiling plan was set to face a vote on Monday in hopes of enacting it before a Tuesday deadline, thus averting default, The New York Times reported.
Recent polls show the average American household is carrying around $15,000 in credit card debt. Why? Because for over 50 years, we've lived in the world of 'I gotta have it now!' Let's face it, we are spoiled. The poorest among us is still richer than seventy percent of the rest of the world...
Anyone remember the tales of $800 toilet seats and $200 hammers being purchased by the navy? It seems our elected leaders never learn. Our senators appear to be rent happy. It's just money, right? Closures of some state offices are being discussed...
We all have some, some more than others. Unless you're independently wealthy, have hit the lotto or have come into a sizable inheritance, you have some of this four four letter word in your life. Mortgage, car payments, student loans, you name it, most of us have it...