Archive for July, 2011
July 31st, 2011 | 
Author:
PETER MORICI – Economist and University of Maryland professor: Should Tax Increases Be Off the Table for Debt Reduction? President Obama’s plan to balance the budget was a brilliant political speech-highlighting weakness in the Republican deficit reduction proposal drafted by Congressman Paul Ryan-but it offered little new or encouraging that would correct Washington’s troubled finances. Once again, President Obama blamed President Bush for the mess-citing two wars and tax cuts that were not funded-when his own political party is more culpable. In 2007, the last year before the financial crisis and former Speaker Nancy Pelosi and the Democrats took control of Congress, the deficit was a quite manageable $161 billion. Over the next four years, spending has increased $1.1 trillion and the deficit jumped to $1.6 trillion. The President’s February budget projected the deficit would fall to $772 billion by 2022. However, that forecast is dubious, because it assumes 4 percent growth over the next four years, which few economists would endorse, and cuts in Medicare payments to physicians and hospitals few political observers believe will materialize. More likely, deficits will exceed $1 trillion, or even $1.5 trillion for the next decade, without further action. In his speech the President claimed to be tabling $4 trillion in additional cuts over twelve years, but there was little new from his February budget. Mr. Obama proposed higher taxes on families earning more than $200000 …
Elmer Kennett
Posted in 
Tags: 
Learn how Whack-A-Debt applies its debt reduction strategy to save you interest costs and shorten the time required to become debt free.
Candelaria Mckean
In the widely circulated and much-talked-about column, Brooks argues that Republicans have already won many concessions from Democrats in the form of spending cuts and debt reduction. But in recent years, Brooks said, the GOP “has been infected by a faction that is more of a psychological protest than a practical, governing alternative.”
“The members of this movement do not accept the logic of compromise, no matter how sweet the terms,” Brooks wrote.
http://www.politico.com/blogs/glennthrush/0711/David_Brooks_is_Democrats_man_of_the_hour.html
@ tweetypiie, You seem threatened by the storm coming. The storm thats going to take republicans out of power in the House and keep them under control.
Glenn Grich
moretimewithmoney.com debtfreeorcashpoor.com How to pay off any credit card with more spark Learn how to reduce your credit card debt faster using the Snowball Method with a twist in how you make your payment. The way I teach the program is 110% better and faster and you are in control of how fast you are paying off the debt Not the bank but you are.The bottom line is this, if you want to become completely Debt Free give me a call and I will teach you how to compound your monthly payments. For over 27 years I have been teaching all over the world how to become totally debt free including the mortgage. By the way, I personally have paid off 4 homes and you can start today by working on paying off your home in the amount you decide to have it paid off. Take full control of your debt. Do Not allow the banks to keep front loading all this extra cash in their own pocket. If you really want to know how to get out of debt or learn how to be Debt Free, talk to one that has been teaching as well as doing the program themselves. There are way too many people that only know how to talk but can not show you how they did it themselves. See ya, John Schepcoff moretimewithmoney.com debtfreeorcashpoor.com
Marin Safar
Congressman Diane Black discusses the letter she and 76 freshman lawmakers sent to President Obama, asking him to come forward on debt reduction talks.
Lanette Joa
(Tuesday, June 28 2011)
Casey Oerther
Standard & Poor’s Ratings Services upgraded the junk-level rating of Micron Technology Inc (NASDAQ:MU) today to BB-, which is three levels below investment grade. The ratings agency cited the chipmaker’s recent quarters of consistent EBITDA, as well as its debt-reduction efforts. The outlook for the rating is stable. Shares of Micron Technology are trading up 0.37% at $7.5. Micron Technology has a potential upside of 77% based on a current price of $7.5 and an average consensus analyst price target of $13.27.
Dennis Smeltzer
Second installment in my weekly podcast talking about the power of being a product broker and how maCapital Resources and the Money Merge Account fit in the overall picture.
Margarette Knouse
Why did I develop the Mortgage Debt Reduction Tool? Several important reasons; (1) It will help you, or if not you, it will help someone pay their mortgage down faster. (2) Would you like to pay less for your mortgage? (3) Would you like to pay for a shorter term? (4) Does the term financial freedom mean anything to you? (5) Paying down your mortgage is usually the last thing you pay off just before you are completely debt free. (6) God wants you to be debt free. Simple question, would you rather pay $10 dollars for an item or $100 dollars for the same item? Dumb question right. Well the way mortgage amortization works is, the majority of the interest is paid by the comsumer in the early years of the mortgage. In other words the banker gets his money back first. The way you reduce the amount of interest paid is you pay additional dollars towards the principal early in the term. This reduces the principal on which interest is charged, which causes the interest earned by the banker to be reduced. This causes the note term to be shorter, and cutting years off of the mortgage term is the equivalent of saving thousands of dollars. When you pay a long term debt off early, this allows you to use the money for yourself. Not the enrichment of the lender. The best use for this money is other more lucrative investments. These investments, if chosen correctly will allow you to stop working and let the money work for you. That is what is called “financial freedom”. When you are in …
Honey Derentis
Dr. Coburn appearing on Fox News’ “America Live” with Gretchen Carlson discussing the need for true leadership going into debt reduction negotiations next week, the Coburn-Lieberman Medicare plan that would save over $600 billion.
Emory Puchalski