Debt Reduction- Advice On Credit Card Debt Reduction, Debt Reduction Services, And Debt Reduction Plans

Jeanette A asked:


What if, instead of the government doing a 700 billion dollar buyout, they gave every American a million dollars to pay off their credit and invest the money in the market? What if they gave each person an assigned financial advisor that would account for all of the money, down to the penny to be sure that it is spent towards its designated purpose? Then the government would in turn save $400 billion and the need for welfare would be obsolete, in turn saving money from that as well? The Americans who are in debt could pay their bills and there would be no need to bail the banks out of failed mortgage loans. Even if they couldn’t pay it all off there would still be a substantial reduction in debt. The money that doesn’t need to be paid in debt would go back to the economy, giving it a boost? What if it wasn’t even a million dollars, what if it was $500,000 or $100,000? Or what if they only gave enough to cover each persons debt? The debts would be paid and both creditors and debtors would be happy? And the government essentially saves money? What would happen?

Troy Therrien

Eye of Amalek asked:


This is just in from Sen. Coburn’s office. Obama has authored a bill, and it is now in the Senate, to give the UN .7% of our GNP to be used to feed hungry 3rd worlders, AND to use UN force to disarm you and me and all gun owners. Why hasn’t the media brought this to the attention of the general sheeple out here.

Sent: Monday, May 05, 2008 12:48 PM
Subject: RE: Obama’s bill S2433 passed the committee and going to the Senate
Senator Coburn is blocking this bill.
Patrick Guinn

Obama’s bill S2433 would require the U.S. to initially direct .7 percent of our GNP into the United Nations coffers for distribution as they see fit, for “food” to third world nations. Under earlier agreements this would evolve into a national tax on the U.S. with the UN attempting to levy this on all first world nations.
The U.N. would have the power to increase this rate of taxation.
The U.S. would be required to surrender some of its sovereignty over foreign aid by putting it under UN control. The bill would force the U.S. to sign onto the U.N.’s Millennium Declaration, which would commit us not only to “banning small arms and light weapons” but also to adhere to the International Criminal Court Treaty and the Kyoto Protocol.

http://www.washingtonwatch.com/bills/show/110_SN_2433.html

Detailed Summary
Global Poverty Act of 2007 – Directs the President, through the Secretary of State, to develop and implement a comprehensive strategy to further the U.S. foreign policy objective of promoting the reduction of global poverty, the elimination of extreme global poverty, and the achievement of the United Nations Millennium Development Goal of reducing by one-half the proportion of people, between 1990 and 2015, who live on less than $1 per day.
Requires the strategy to contain specific and measurable goals and to consist of specified components, including: (1) continued investment or involvement in existing U.S. initiatives related to international poverty reduction and trade preference programs for developing countries; (2) improving the effectiveness of development assistance and making available additional overall United States assistance levels as appropriate; (3) enhancing and expanding debt relief as appropriate; (4) mobilizing and leveraging the participation of businesses and public-private partnerships; (5) coordinating the goal of poverty reduction with other internationally recognized Millennium Development Goals; and (6) integrating principles of sustainable development and entrepreneurship into policies and programs.
Sets forth specified reporting requirements. Directs the Secretary of State to designate a coordinator who will have primary responsibility for overseeing and drafting the reports, as well as responsibility for helping to implement recommendations contained in the reports.
Defines specified terms.
Status of the Legislation
Latest Major Action: 4/24/2008: Placed on Senate Legislative Calendar under General Orders. Calendar No. 718.

http://kilosparksitup.blogspot.com/2008/02/more-on-barack-obama-s2433-global.html

More on Barack Obama’s S.2433 : Global Poverty Act
We know for a fact that this bill will cost America $845 billion above and beyond what America already spends on global aid in the next thirteen years. America will be locked in to giving .7 percent of the U.S. gross national product. That in itself is scary enough, but there is way more to Obama’s bill. It also locks us into United Nations Millennium Summit. Cliff Kincaid from Accuracy in Media is all over this bill. He writes-(Underlined by me)
The bill institutes the United Nations Millennium Summit goals as the benchmarks for U.S. spending.
“It is time the United States makes it a priority of our foreign policy to meet this goal and help those who are struggling day to day,” a statement issued by supporters, including Obama, said.
Specifically, it would “declare” that the official U.S. policy is to eliminate global poverty, that the president is “required” to “develop and implement” a strategy to reach that goal and requires that the U.S. efforts be “specific and measurable.”
Kincaid said that after cutting through all of the honorable-sounding goals in the plan, the bottom line is that the legislation would mandate the 0.7 percent of the U.S. GNP as “official development assistance.”
“In addition to seeking to eradicate poverty, that (U.N.) declaration commits nations to banning ‘small arms and light weapons’ and ratifying a series of treaties, including the International Criminal Court Treaty, the Kyoto Protocol (global warming treaty), the Convention of Biological Diversity, the Convention on the Elimination of All Forms of Discrimination Against Women and the Convention of the Rights of the Child,” he said.
Those U.N. protocols would make U.S. law on issues ranging from the 2nd Amendment to energy usage and parental rights all subservient to United Nations whims.
Kincaid also reported Jeffrey Sachs, who runs the “Millennium Project,” confirms a U.N. plan to force the U.S. to pay 0.7 percent of GNP would add about $65 billion a year to what the U.S. already donates overseas.
And the only way to raise that funding, Sachs confirms, “is through a global tax, preferably on carbon-emitting fossil fuels,” Kincaid writes.
On the forum run by Americans for Legal Immigration PAC, one writer reported estimates of taxes from 35 cents to $1 dollar a gallon on gasoline would be needed.(LINK)
This ladies and gentleman is the Barack Obama vision for America . WND called Obama’s office and the others who support this bill….No comments.
http://kilosparksitup.blogspot.com/2008/02/stop-sen-obama-s2433-global-poverty-act.html

Berry Pun

HarmlessLie asked:


in Southeast Asia to the need to..?

A) prove to the world that the United States was willing and able to make good on its commitments
B) prove to the world that the United States continued to have at its disposal the most powerful military force in the world
C) demonstrate that the war was being fought on moral and ethical grounds
D) justify to American taxpayers that their money was being well spent on the other side of the world

President Reagan’s initial strategy to fix the lagging u.s economy involved:

A) lowering interest rates
B) a reduction in the federal budget deficit
C) lower interest payments on the national debt
D) all of the above

I’m stuck on these.

Cherlyn Lust

900dps in heroics asked:


These are definition for Crowding out effect.
—————————————————————————————–
Crowding out effect- the tendency for increase in goverment spending to cause reductions in private investment spending.

Crowding out refers to the tendency for increases in the government budget deficit to reduce private investment.
-or- in simple terms, when the government borrows money (the “bailouts”) it leaves a shortage in the amount of money that can be used for private investment and creating new business.

What Does Crowding Out Effect Mean?
An economic theory explaining an increase in interest rates due to rising government borrowing in the money market.
Investopedia explains Crowding Out Effect
Governments often borrow money (by issuing bonds) to fund additional spending. The problem occurs when government debt ‘crowds out’ private companies and individuals from the lending market.

Increased government borrowing tends to increase market interest rates. The problem is that the government can always pay the market interest rate, but there comes a point when corporations and individuals can no longer afford to borrow.
—————————————————————————————–
I still dont understand,so it means When the goverment loans money, there can be cause problem like corporations dont have enough money to loan them?

Leeanne Cajucom

sunshinewreaths asked:


The following is an excerpt from Lucent Technologies’ Management?

Executive Summary
We design and deliver the systems, software
and services that drive next-generation communications
networks. Backed by Bell Labs
research and development, we use our
strengths in mobility, optical, access, data and
voice networking technologies, as well as
services, to create new revenue-generating
opportunities for our customers, while
enabling them to quickly deploy and better
manage their networks. Our customer base
includes communications service providers,
governments and enterprises worldwide.
We have three segments organized
around the products and services we sell.
The reportable segments are Integrated Network
Solutions (“INS”), Mobility Solutions
(“Mobility”) and Lucent Worldwide Services
(“Services”). INS provides a broad range
of software and wireline equipment related
to voice networking (primarily consisting
of switching products, which we sometimes
refer to as convergence solutions, and voice
messaging products), data and network
management (primarily consisting of access
and related data networking equipment
and operating support software) and optical
networking. Mobility provides software and
wireless equipment to support radio access
and core networks. Services provides deployment,
maintenance, professional and managed
services in support of both our product
offerings as well as multi-vendor networks.
Beginning in fiscal 2001, the global
telecommunications market deteriorated,
resulting from a decrease in the competitive
local exchange carrier market and a significant
reduction in capital spending by established
service providers.This trend intensified
during fiscal 2002 and continued into fiscal
2003. Reasons for the market deterioration
included general economic slowdown, network
overcapacity, customer bankruptcies,
network build-out delays and limited availability
of capital.
We believe that the market for telecommunications
equipment has stabilized
and is starting to grow in certain areas. The
growing demands of enterprises and consumers
for additional services tailored to
their needs is creating the need for a new
convergence of networks, technologies and
applications.

Required
1. Using the Consolidated Balance
Sheets for Lucent Technologies for
September 30, 2004 and 2003, prepare
a common-size balance sheet.
2. Evaluate the asset, debt, and equity
structure of Lucent Technologies, as
well as trends and changes found on
the common-size balance sheet.
3. What concerns would investors and
creditors have based on only this
information?
4. What additional financial and nonfinancial
information would investors
and creditors need to make investing
and lending decisions for Lucent
Technologies?

Lessie Sopczak

tay (: asked:


The invisible hand’s ability to coordinate the decisions of the firms and households in the economy can be hindered by:

A. Government actions that distort prices
B. Increased competition in the market
C. Extended periods of unemployment
D. A dramatic reduction in consumer spending
E. None of the above

Please help, I rly don’t understand this question. We debt learn much about the invisible hand

Teresita Holbein

JLM asked:


I am interested in a good program that will interact with my bank online, for personal finance (IRA’s, 401K, mutual funds) as well as household budgets and debt reduction/mgmnt. I don’t need business software. I have Quicken Deluxe but have not installed it yet. I’m sick of keeping track of things on paper!

Max Michalicek

life-suck asked:


I signed up with a debt consolidation company to handle my unsecured debts. I have been with them now since April 08. I got a phone call today from them saying one of my creditors is asking for a settlement and that they want to be paid within a year. So now, the debt consol company is asking me if I can come up with the money to settle with the creditor. And this is,on top of the money that I agreed to pay the debt consol. co. every month for the next 4 yrs. Isn’t the debt consol co. suppose to negotiate for me? I wasn’t even given any sort of reduction on the amount of the debt. I did the math and I can’t afford the payment plan that the creditor supposedly want.
What should I do?
.

Mahalia Kirschman

cunninglinguist11111 asked:


I think this would be the only way to give some leverage to the people and give them the power to negotiate a solution that makes sense for them. The banks can’t foreclose on 10 million hoemowners and wouldn’t want 10 million in real estate inventory if they could. They would be forced to make concessions and meet the demands of the people. The politicians who are supposed to be representing us are doing a **** poor job and can’t be trusted (unless of course you happen to be an executive with say AIG – but how many of us are??) Organization is the key! We could propose a reduction in mortgage debt across the board to bring it in line with current home values with the threat of 3 months of unpaid mortgages from 10 million homeowners if they don’t comply. Do you think this would get their attention???????

Roman Merrion

Challenge asked:


I am currently 27K in debt. This debt includes my car, student loan and $5000 in credit cards. I have no money in savings except for retirement. I would like to have a ****** reduction which will add an additional $4000 to my current total debt (part of the cost of the reduction will be paid for in cash).
I have a plan that would allow me to pay off all of my debt over the next 12-15 months.

My ******* are basically too large for my body. I have always had large ******* and started development early and it has always been a concern for me since puberty. I have difficulty buying certain clothes, etc.

So, my question is…given my current debt, and lack of savings, do you think it is a good time to have this surgery?

Sarah Fry