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

George asked:


SAP = Structural Adjustment Program

I am wondering if all of them had trouble repaying their principals and the interests on their debts and had to undergo SAP to either get new loans or reduction of interest rates on their former loans.

Tad Michalik

Jimmy asked:


When we broke up she took me to court. My lawyer said there was no way that the judge was going to do shared custody even though the mother had mental problem and was an inpatient for two weeks during our breakup. The court then ordered me to pay 700 a month which I cant affordl. I was looking into bankruptcy before she and I broke up so but was told it wouldnt help because most of my debt in not dissovable? Her aunt works in the child support collections office and they already filed on me after two months with out giving me a chance to figure things out. During our breakup it was suggested to me by my supervisor that I put in my resignition because I was on my final warning so I did. I have yet to find another full time job. So far I am working in between two part time jobs and am looking for a third. I need this 700 a month reduced to something more managable until I get on top again and dont know what to do. I have been giving her $200 a month so far but know I need to give her more than that. I get my baby 11 to 12 days every month and she gets her the other 18-20 days a month so I take care of her a third of the time. I love her and want whats best for her and the best of things for her and her mother but she has to eat when she is by my house to and they are not making it financially possible for me. They did they support calculations assuming the mother has to make zero dollars and calculted it on a year when the company I was working for was severly understaffed and I worked lots of overtime ever month and nighttime shifts and weekend shifts. They also calculated before taxes and deductions were taken out of my check so the number they used to calculate the payment was about 35% higher then the amount that I actually take home after deducting state,federal, medicare, fica, and what ever else the payroll department comes up with. They also was taking out medical insurance and cafeteria food used for work. The courts also dont even care about how much it cost to continue to work such as car insurance, car notes, and food for the day. How do they expect you to work if you cant afford to get there and back? This is all to crazy and doesnt seem fair, I know thats my babys best interest isnt the court system running me into the ground until I cant do anything for her, ruining my credit until I cant get any loans, and losing my car and insurance because i cant afford to pay them. I know I have to eventually file for a reduction but I am not sure they will give it to me any more because I put in my resigination rather than let them fire me. Everyone said I should have let them fire me and collect unemployment but I told them you dont get unemployment if you get fired for showing up late or calling in sick. They then say well you should have been on time and not called in sick. I say it was a very hard time in my life, I was breaking up with the mother of my child and a woman I loved more than life itself and didnt know what to do. They then say you should have filed for custody when she was in the psyhc ward, and I say I didnt because I couldnt do that to her I just couldnt do it because I still loved her. Then they say you are stupid and theres nothing you can do now. I need help, some advice, someone on my side to see that all I want is a chance to be in my daughters life and a chance to make things better for my daughter than they were in my life. Once again running me into the ground I seriously do not believe is going to make that happen.

Help…

Jake Bogosh

MISES.ORG asked:


Please Read This :

http://www.mises.org/story/2685

Ernie Friesner

Truth Seeker asked:


Under Bush Watch:

American Lives
- 2,973 Americans Died on September 11
- 3,646 American Soldiers Have Died In Iraq
- 26,953 American Soldiers Have Been Wounded In Iraq

American Economy
- Record Deficit
- Record Spending
- Record Waste
- Total National Debt $8.9 Trillions
- Each Citizen’s Share of This Debt is $29,472

American Issues
- Higher Crime Rate
- More Illegal Guns & Fewer Cops On The Streets
- American Jobs Sent To China & India
- Failed Drug Enforcement Policies
- Reduced Funding For Education & After School Programs
- Reduction In Benefits For Poor & Elderly
- Funds stolen From Social Security To Pay For Iraq War
- Spying on American Citizens
- Holding American Citizens As “Enemy Combatants”
- Causing Damage To The Environment By Pressuring EPA
- Pressuring FDA To NOT To Prosecute Tobacco Companies
- And So Many More…….

dubya — AMERICA’S WORST MISTAKE EVER!!!

Lavonne Locket

yo yo dog asked:


I’m a 23 year old male who has never had ***. I have a very weak jawline and big ears and would like to have plastic surgery. My understanding is that the two types relevant here are ear reduction surgery and jaw or chin implants. I also a really big nose, but I can’t afford to do it all one swoop I think the jaw and ears are most pressing.

I don’t have a lot of money, and am willing to to go into debt to get this done, because I find I’m having difficulties moving forward in my life. Does anyone know of a good resource for me to turn to? Are plastic surgery consultations free or how much do they cost usually?

Tamica Digian

Sinizter asked:


I plan to remodel the country on 5 fronts

1-heathcare,tort reform,make it legal to buy insurance across state lines.
Use the unspent “stimulus” money to fix medicare and make it easier to get for people with pre-existing conditions to get health care.

2-debt reduction/Jobs,order the immediate construction of oil drilling platforms off the coast of Alaska,California,and Texas.Legalize marijuana.While the plant it’s self can’t be controlled enough to tax things like smoke shops (that would crop up everywhere) can be. We would save billions doing away with the lost war on marijuana and can utilize hemp,hemp farms,and hemp factories that would create jobs,boost revenue,and make better products.Hemp has been proven to be stronger,cheaper,and last longer that cotton.

3-Illegal immigration,place Texas,Arizona,New Mexico,and California national guard members on the border.Increase penalty’s for those cought in the US illegally.Immediate deportation of all known illegals in the country.

4-Military/foreign affairs,increase the military’s annual budget.Now is not the time to let our guard down.Order stealth bombings of known Iran and North Korean nuclear facilities.Continue pulling troops out of Iraq.Increase funding and troop presence in Afghanistan.

5-Domestic,Ban all community organizations like ACORN from getting ANY tax payer money.Impose a Death Penalty for those convicted of child molestation.Raise a console to “weed out” corruption in Washington and all public offices across the nation.Ban *** marriage in all but one state.Ban abortions in all but one state.Free market,NO GOVERNMENT INTERFERENCE.Downsize the government.

Blake Mozo

AZ asked:


Here I provide six scenarios on taxes in the United States. Decide which one you think is most effective. When I say effective, not only do I mean fair and just, but also strong in stimulation of the economy and reduction of the national debt as it is. Assume a tax plan that will be effective for the next ten years unless otherwise noted like in #3 and #4:

1. Every family in the United States, regardless of income, will receive or be deducted a certain amount of currency such that the net income be $43,896.72. Here is how I am getting this number: The national GDP is approximately $14.33 trillion, and the national debt is approximately $12.25 trillion. Divide out the debt over ten years, and that leaves us with $1.225 trillion. Subtract that from the GDP and we are left with $13.105 trillion, or a GDP per capita of $43,896.72. Let everyone make that much for ten years, and we can expect a complete elimination of the national debt by 2020.

2. Every family in the United States, regardless of income, pays 8.5 percent of its gross income. The national debt of $12.25 trillion paid off over ten years leaves $1.225 trillion per year, which is $4,103.28 per capita, or about 8.5 percent. Similar to option #1, this will completely eliminate the national debt by 2020.

3. Every family in the United States, regardless of income, pays 17 percent of its gross income. With the exact same strategy applied in option #2, this will eliminate the national debt completely, but it will cut the amount of time spent in half (from 2020 to 2015).

4. Apply the tax system similar to the 1970s and 80s. The top tax bracket will be set at 91% (currently 35%). Corporate tax will be set at 28% (currently 15%). As a result, the national debt (based on economic conditions) can be completely eliminated by 2015.

5. Apply the tax system similar to the 1990s. The top tax bracket will be set at 39%. Corporate tax will be set at 20%. As a result, the national debt (based on economic conditions) can be eliminated by 2020.

6. Keep the tax system as it is, but cut government spending. If this strategy is done correctly and cautiously, this approach would also reduce the national debt, but the task will take time, perhaps not by 2020, but it is a conservative approach, not trying to change things too much, therefore keeping things stable and consistent. At least this is the ideology.

Lauran Ogley

jimmylehew asked:


The Myth that Child Support Enforcement ‘Collects $4.10 for Every Federal Dollar Spent’
One of the popular myths employed to justify huge, wasteful expenditures for child support enforcement (and to justify child support enforcement abuses) is the myth that “Child Support Enforcement ‘Collects $4.10 for Every Federal Dollar Spent.’

The stat apparently comes from the Congressional Budget Office, and has been repeated ad infinitum, including in the news story Child-support services in peril (Denver Post, 4/6/07). As usual, the child support collection industry is whining that the feds don’t lavish them with enough money to waste.

In my co-authored column Federal Child Support Enforcement Cuts Will Hurt Bureaucrats, not Children (Las Vegas Review-Journal and others, 12/17/05), I explained:

“According to the Congressional Budget Office, this will lead to $24 billion in child support going uncollected over the next 10 years. Texas Attorney General Greg Abbott and Los Angeles County Child Support Services Department Director Philip Browning are warning that the cuts will mean a drastic reduction in the amount of child support collected. A bipartisan group of senators has penned a letter opposing the cuts, explaining that ‘in 2004, more than $4 was collected in support for every dollar invested in the program.’ All of these claims, however, are based on false assumptions and misleading data.

“It is true that federal figures show that over $20 billion in child support is collected nationwide yearly, and that only $5 billion is spent on enforcement. However, the vast majority of the funds collected are not done through enforcement tactics—they’re simply the payments already being made by law-abiding noncustodial parents. These payments will continue to be made regardless of the cuts. The myth that child support enforcement is a bargain was created by incorrectly counterposing total collections with expenditures on enforcement.

“In reality, much if not most child support enforcement funds are frittered away in misguided attempts to collect artificially inflated paper arrearages from low-income men who couldn’t possibly pay them. Federal Office of Child Support Enforcement data shows that two-thirds of those behind on child support nationwide earned less than $10,000 in the previous year; less than four percent of the overall national child support debt is owed by those earning $40,000 or more a year. According to the largest federally-funded study of divorced dads ever conducted, unemployment, not willful neglect, is the largest cause of failure to pay child support.

“The inflated arrearages are created in large part because the child support system is mulishly impervious to the economic realities working-class people face, such as layoffs, wage cuts, unemployment, and work-related injuries. According to the Urban Institute, less than one in 20 non-custodial parents who suffers a substantial drop in income is able to get courts to reduce his or her child support payments. In such cases, the amounts owed mount quickly, as do interest and penalties.

“For example, a recent Urban Institute study found that only 25% of California’s $14.4 billion child support arrearage will be collected over the next decade because the support amounts demanded of noncustodial parents are not realistic. The average arrears owed per debtor is $3,000 higher than the median annual earnings of employed child support debtors. Those in the poorest category have a child support debt amounting to their full net income for seven and a half years…

“It is true, as critics of the cuts say, that the amount of child support collected by child support enforcement programs has increased from $2.4 billion in 1977 (2004 dollars) to nearly $22 billion in 2004. However, most of this increase has nothing to do with enforcement. For one, there are far more children receiving child support now than there were in 1977, in part because of welfare reform, which has obligated the fathers of children on welfare to pay child support to the states. Also, the amount of child support demanded from noncustodial parents rose sharply during the 1980s and 1990s. In addition, whereas most child support used to be paid directly from the noncustodial parent to the custodial parent, today most child support goes through the state systems, creating the illusion of increased collections.

“For too long child support policies have been determined by politics instead of common sense; the mantra of ‘help women and children’ has allowed large-scale abuses and waste to go unchallenged. The proposed cuts won’t interfere with efforts to collect legitimate child support, but they will save taxpayers $15.8 billion over the next decade. They will also force some discipline and restraint onto an area of government which sorely needs it.”

Milford Brusco

little dragon asked:


16. A commodity futures market exists within the broader commodities market for which of the following reasons?

Contracts setting the price and date for a commodity purchase are transferable.

Commodities cannot be sold until they have been extracted from nature.

Forward contracts allow brokers to pay for commodities up front.

The exchange rate for commodities varies as time goes on.

17. Which of the following actions can the government take to raise money?

Sell stocks.

Issue bonds.

Lower interest rates.

Exchange currencies.

18. Which of the following is the act of buying and selling money using other types of money?

Issuing dividends

Decreasing utility

Maximizing profits

Exchanging currency

19. If the exchange rate between the U.S. dollar and the Canadian dollar is 1:1.3, which of the following is true?

It costs less to buy a $5 item in Canada than it does in the United States.

It costs more to buy a $5 item in Canada than it does in the United States.

A $5 item costs three times as much in Canada as it does in the United States.

A $5 item costs three times as much in the United States as it does in Canada.

20. Which of the following best explains how buying on margin increases the leverage of currency traders?

Margin buying gives traders a profit rate that is one unit higher.

Buying on margin allows traders to sell shares in a company that they do not yet own.

Borrowing money allows traders to make large purchases without a large amount of money up front.

Currency purchases can only be made on the large scale, enabled by borrowing from currency brokers.

21. Because banks are often unwilling to loan money to a business in its early stages of development, startup business have a difficult time doing which of the following?

Getting debt financing

Securing venture capital

Finding an angel investor

Conducting an initial public offering

22. Businesses that wish to get loans from a private bank generally need to have which of the following?

An exit strategy

A wealthy startup investor

An online advertising budget

A history of profitable operation

23. Which of the following best describes the meaning of “going public”?

When a company starts offering its products for sale

When a company is bought out by a government agency

When a company begins selling shares of its stock to the public

When a company issues Treasury bonds that can be bought by anyone

24. Which of the following would be most likely to lead to a successful IPO?

An increase in the discount rate by the Fed

A company offering an IPO during a bull market

An Internet company offering a brand new service

A prospectus that is realistic about the company’s debts

25. A company can secure additional capital without going into debt by doing which of the following?

Going public

Taking a business loan

Buying out another company

Bargaining for wage reductions

Sierra Holberg

Emcee asked:


Hope this helps you!

1.The highest growth in the gross domestic product? Harry Truman, a democrat

2.The highest growth in jobs? Bill Clinton, a democrat

3.The biggest increase in personal disposable income after taxes? Lyndon Johnson, a democrat

4.The highest growth in industrial production? John Kennedy, a democrat.

5.The highest growth in hourly wages? Lyndon Johnson, you guessed it, a democrat

6.The lowest misery index (inflation plus unemployment)? Harry Truman, a democrat

7.The lowest inflation? Truman, a democrat

8.The largest reduction in the deficit? Bill Clinton, a democrat

• The Clinton administration presided over the longest peacetime economic expansion in U.S. history. When Clinton left office, there was a ten-year projected budget surplus of $1.6 trillion.
• In less than a year and a half, Republican George W. Bush wiped out that projected budget surplus, and within three years, he turned the $236 billion surplus he inherited into a $375 billion deficit.

Keep in mind that these figures are from George W. Bush’s first term. He has soared to new heights of fiscal irresponsibility during his second term and continues to set records in economic incompetence.

The national debt is now more than $10 trillion.

“[A]s much as Republicans would like to tag Barack Obama and Democrats as big spenders, it’s Republicans who have been America’s biggest spenders. It’s not even close…. [S]ince 1945, when Republicans have been in charge of both the White House and Congress, they have never, not once, reduced spending…. Reagan ran up a bigger debt than every president before him combined. The budget deficit exploded under his leadership and the national debt tripled…. [T]he debt has grown from under $1 trillion before Reagan to over $10 trillion after George Bush! And, yet, with all of this spending, we still don’t have national health insurance and Social Security is more endangered than ever.”– Bruce Tenenbaum, HuffingtonPost.com, 10/16/08.

Do you need a job, or maybe a second job, or a third job?
•”You work three jobs?… Uniquely American, isn’t it? I mean, that is fantastic that you’re doing that.”– George W. Bush, to a divorced mother of three, 2/4/05 .
Why did Republican Senators filibuster these popular initiatives?
•”I think [Democrats' inability to pass legislation] will give the Republicans the one opening they are going to have in 2008. Everything is running against the Republicans, but I think they have a chance if they argue that the Democrats have been in charge and they are the do-nothing Congress.”– Conservative pundit Charles Krauthammer, Fox News, 7/24/07.
To paraphrase a cranky, old presidential candidate, “The Republicans would rather sabotage Congress than lose an election.”

Lyndsey Gall