Government Shutdown 2011? – 16 Things You Need To Know

Is it actually going to happen?  Are we actually going to see “Government Shutdown 2011”?  Will the streets of Washington D.C. soon be eerily quiet as hundreds of thousands of federal workers are temporarily sent home?  Right now Barack Obama, Harry Reid and John Boehner all say that they want to reach a deal and avoid a government shutdown, but the deadline is coming up fast.  The current spending bill that the government is operating under expires at the end of Friday.  If the Republicans and the Democrats do not come to an agreement before then, the U.S. government will “shut down” at 12:01 AM Saturday morning.  The Republicans have proposed a plan to extend government funding for one more week so that negotiations may continue, but the Democrats have rejected it.  Obama has summoned Reid and Boehner to the White House tonight in an attempt to hash out a deal, but most observers are not particularly optimistic.  Sadly, government debt is going to expand at a mind blowing pace this year no matter who wins this battle. (Read More...)

Debt Management: Is There Any Hope For America’s Debt Problem?

Wouldn’t it be nice if our politicians in Washington D.C. simply decided that we are not going to spend more money then we bring in?  That would just seem to be common sense.  After all, what do most of those big time debt management seminars teach?  Most of the time they tell families with debt problems that the very first thing that they need to do is to stop spending so much darn money.  Well, with the U.S. government things are just not that simple.  In fact, even the most “crazy” budget proposals floating around Congress right now would not balance the federal budget until 20 years from now.  The truth is that there does not seem to be much hope for America’s debt problem.  In fact, it appears to be inevitable that it will continue to get worse long into the future. (Read More...)

Do NOT follow this link or you will be banned from the site!