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Month: July 2011

Who Are “The Poor?”

A reader recently suggested on Twitter that, even though our government borrows almost one dollar for every two we spend, we need to spend even more because 25% of Americans are in poverty. That brought up several questions for me: Are 25% of Americans really poor?...

Don’t Panic If We Hit the Ceiling

We may be about to hit the ceiling. Unless Congress and the President come to some agreement sooner, on August 2 the United States will reach the legal limit of its borrowing capacity. The usual response from Congress when we come close to the debt ceiling is to pass...

August 2nd-A day that will live in infamy?

For months politicians have threatened to not raise the debt ceiling, but not many people thought it would get this far. In just under 3 weeks, the US will hit the “debt ceiling,“ which is our country’s borrowing limit. Both Republicans and President Obama want...

Lifestyles of the Rich and Boring

We’re pleased to feature a guest post from Kathleen Fox, co-author with Rick of Conscious Finance.   Would you like to be rich? This might seem like a stupid question with a no-brainer of an answer. “Well, duh—of course. Who wouldn’t?” Quite a...