Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $18,000
20%  
Woo hoo!! And the first 20% is in!! Thank you all very much!!

Keyword: debt

Brevity: Headers | « Text »
  • Paul Massey’s New Brokerage Hiring 50 Agents (New York and New Jersey)

    07/16/2018 9:24:50 AM PDT · by 2ndDivisionVet
    Globe Street ^ | July 16, 2018 | Betsy Kim
    NEW YORK CITY—Paul J. Massey Jr. and his new company, Building by Building, Block by Block (B6) founded with former colleagues Neil Heilberg and Michael Wlody, are looking to hire 50 brokers. They’ve already recruited an experienced management team of 20 people. Having officially launched on July 1 in temporary space at 275 Madison Ave., B6 plans to open permanent offices in Manhattan, Brooklyn, Queens and New Jersey—all within its first year. Similar to Massey Knakal, the firm Massey originally started with Bob Knakal in 1988, which Cushman & Wakefield acquired in 2014 for $100 million, B6 will use a...
  • The Student Debt Bubble Expands As Parents Do More Of The Borrowing

    07/14/2018 5:05:56 PM PDT · by SeekAndFind · 36 replies
    Dollar Collapse ^ | 07/14/2018 | John Rubino
    Not so long ago, student debt was mostly the responsibility of students. That is, you paid for college with loans and then paid off those loans with the proceeds of the good job you got with an advanced education. These days it’s a little different. The cost of higher education is soaring, the jobs available to college grads don’t pay as much, relatively speaking, as they used to, and the size of loans available to students – though huge – don’t cover the full cost of many degrees. One might expect these changes to lead more students to work for...
  • Feds Collect Record Individual Income Taxes Through June; Still Run $607B Deficit

    07/13/2018 10:42:22 AM PDT · by Red Badger · 16 replies
    www.cnsnews.com ^ | July 12, 2018 | 10:48 PM EDT | By Terence P. Jeffrey
    The federal government collected a record $1,305,490,000,000 in individual income taxes through the first nine months of fiscal 2018 (October 2017 through June 2018), according to the Monthly Treasury Statement released today. Despite the record individual income tax collections, the federal government still ran a deficit of $607,099,000,000 over those same nine months, according to the Treasury statement. The approximately $1,305,490,000,000 in individual income taxes that the Treasury collected in October through June of this fiscal year was $71,815,310,000 more (in constant June 2018 dollars) than the $1,233,674,690,000 (in constant June 2018 dollars) in individual income taxes that the Treasury...
  • California, Socialists, and the Debt Bombs; I’m pretty sure I know how California will fail.

    07/11/2018 8:19:42 PM PDT · by SeekAndFind · 59 replies
    Townhall ^ | 07/11/2018 | Patrick Bobko
    I’m pretty sure I know how California will fail. I don’t know exactly when it will happen, but after the result in the Democratic primary in New York’s 14th Congressional District two weeks ago, the Golden State’s rendezvous with fiscal perdition is going to happen sooner than we think. Let’s talk about the “how.” California’s foundering won’t be precipitated by a single catastrophic event. Apart from the threatened CalExit, voter initiatives to partition the state, or the Big One shaking us into the Pacific, it won’t be the equivalent of a sudden, unexpected stroke on a random Tuesday that brings...
  • Trump wants second round of tax cuts this year

    06/29/2018 6:38:34 PM PDT · by Libloather · 81 replies
    WASHINGTON – President Donald Trump on Friday said he wanted to further lower the corporate tax rate, from 21 percent to 20 percent, as part of a second round of tax cuts later this year. Trump, in an interview with Fox News to mark the six-month anniversary of the $1.5 trillion tax cut law Republicans passed last year, said other parts of the new tax plan would be tailored to the middle class. “One of the things we’re thinking about is bringing the 21 percent down to 20 and for the most part, the rest of it will go right...
  • A Spending Embarrassment

    06/24/2018 11:46:50 AM PDT · by Tolerance Sucks Rocks · 7 replies
    The Wall Street Journal ^ | June 24, 2018 | WSJ Editorial Board
    Republicans have had a rough week, mostly of their own making, and on Wednesday they added to their self-punishment with a spending fiasco in the Senate. Two GOP Senators blocked the Trump Administration’s rescissions package that would claw back $15 billion, much of which wasn’t even likely to be spent under current policy. A Senate procedural vote to move the rescissions package failed 48-50 after defections from Susan Collins of Maine and Richard Burr of North Carolina. From what we’ve heard Ms. Collins wanted to keep the money on ice so if it isn’t spent as part of its current...
  • Follow the Money: Why Do Universities Oppose the Higher Education Bill?

    06/24/2018 8:26:53 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | June 24, 2018 | Jane S. Shaw
    When 39 university associations send an open letter to Congress expressing “grave reservations” about proposed legislation, you can be sure that money is involved. No matter how they describe their concern about students, our colleges and universities have spent money at a pace well above inflation for decades, and they have raised tuition and fees in tandem. The federal student loan program has been their “enabler,” so they want to keep the money flowing.New buildings, new stadiums, fitness centers, luxury apartments, a “lazy river” at Louisiana State University, climbing walls at Notre Dame and Rutgers, and a $120 million refurbishing...
  • Millennials waking up to grim financial future left by baby boomers — and they're angry

    06/21/2018 2:19:46 PM PDT · by rickmichaels · 129 replies
    Financial Post ^ | June 21, 2018 | Ben Steverman
    Lately I’ve been losing track of how old everyone is. Friends, co-workers and family members are resisting middle age with vigorous exercise, careful diets and regular doctor visits. Even when 50-year-olds look like they’re 50, they often dress or party as if they’re still in their twenties. Our capacity to fetishize youth never ceases to amaze. But while older Americans definitely want to look like younger folks, they certainly don’t want their finances. That’s because the wealth gap between generations keeps widening, and their children’s future is beginning to look ugly. Just two years ago, the median American born in...
  • Senate refuses to cut a penny from $1.3 trillion budget

    06/21/2018 8:14:26 AM PDT · by SeekAndFind · 26 replies
    American Thinker ^ | 06/21/2018 | Rick Moran
    Two Republicans voted with Democrats in the Senate yesterday to defeat a bill that would have cut $15 billion from the $1.3 trillion budget request passed in March. Susan Collins and Richard Burr voted with every Democrat to deny a White House request to rescind less than one half of one percent of the budget. Daily Caller: "It is disappointing that the Senate chose to reject this common-sense plan,” White House budget director Mick Mulvaney said in a statement, “and the American people should be asking their representatives in Washington one simple question: If they cannot pass good-government legislation...
  • Maryland rakes in millions of dollars from toll fines, penalties

    06/14/2018 1:12:50 AM PDT · by Tolerance Sucks Rocks · 14 replies
    SFGate ^ | April 28, 2018 | Luz Lazo, the Washington Post
    Maryland's stepped-up efforts to collect unpaid tolls are raking in millions of dollars for the state - outpacing the growth in toll revenue itself. State lawmakers and consumer protection groups say the crackdown - which includes referring thousands of delinquent accounts to collections - is punitive and predatory and is pushing Marylanders into debt - and in some cases bankruptcy. Transportation officials say they are only enforcing tolls motorists should be paying anyway - a major shift from years past when the state allowed scofflaws to run up hefty amounts in unpaid tolls and fines without consequences. "Certainly, we want...
  • IMF creates Global Private and Public Debt Database for all countries going back to 1950s

    05/15/2018 7:14:31 AM PDT · by MarchonDC09122009 · 16 replies
    IMF ^ | 05/14/2018 | IMF
    IMF creates Global Private and Public Debt Database for all countries going back to 1950s. https://www.imf.org/en/Publications/WP/Issues/2018/05/14/Global-Debt-Database-Methodology-and-Sources-45838
  • CBO Projects $2.4 Trillion in Debt – And They’re Underselling It

    05/05/2018 9:18:13 AM PDT · by Kaslin · 27 replies
    Townhall.com ^ | May 5, 2018 | Andrew Wilford
    The long-awaited 2018 edition of the Congressional Budget Office’s (CBO) Budget and Economic Outlook was released this month. It does not paint a rosy picture of the nation’s fiscal future, projecting $12.4 trillion in additional debt over the next decade. If past estimates are any indicator, however, that doesn’t reflect reality. Without a substantial change to the culture of overspending in Washington, the country’s fiscal situation is likely even worse. Ten years ago, CBO estimated that Congress would run a $151 billion surplus this past fiscal year. Instead, the country ran a $665 billion deficit. That’s in part because CBO conducts its...
  • An Indentured Generation:Millennials Trapped Under a Mountain of Debt and Dwindling Economic...

    04/28/2018 5:35:06 AM PDT · by davikkm · 31 replies
    IWB ^ | Bob Shanahan
    I am a Millennial. I am smackdab in the middle of this generation that now makes up the largest portion of the U.S. workforce. I write this out of love, a desire to inform, and a deep concern for where we are and where we are going. The over-analyzed, overly entitled, and increasingly struggling generation of Americans born roughly between 1981 and 1997 have been berated by a never ending stream of articles about them in recent years. They are the most ethnically and racially diverse in America’s melting pot so far, behind only the generation to follow it. Millennials...
  • Trump's vitally important anti-poverty initiative

    04/18/2018 2:47:32 PM PDT · by Tolerance Sucks Rocks · 23 replies
    StarParker.com ^ | April 17, 2018 | Star Parker
    It takes a lot of courage for a president to target almost a quarter of the federal budget for reform in an election year. But this is exactly what President Trump is doing with his executive order, "Reducing Poverty in America by Promoting Opportunity and Economic Mobility." We're now spending more than $700 billion per year on low-income assistance, which is more than we are spending on our national defense. And there are plenty of reasons to believe this spending is inefficient, wasteful and counterproductive. Over the last half-century, some $22 trillion has been spent on anti-poverty programs and yet...
  • Rolling Back the Tide of Overspending (How Trump Can Do It)

    04/18/2018 10:33:45 AM PDT · by SeekAndFind · 20 replies
    Townhall ^ | 04/17/2018 | Ed Fuelner
    When President Trump signed the 2,232-page, $1.3 trillion omnibus spending bill last month, he was emphatic that it wouldn’t happen again.Referring to the fact that no one could possibly have had time to read this mammoth piece of legislation, he said, “I will never sign another bill like this again.”The implication, of course, was that nothing could be done about this latest round of massive overspending. Like it or lump it, there it is.But that’s not exactly true. The president can, in fact, do something. He can pursue what’s known as a rescissions package.Don’t let the wonky word cause your...
  • Taxes Don’t Cover America’s Expenses: Entitlement reform the only solution to ballooning debt.

    04/18/2018 9:25:19 AM PDT · by SeekAndFind · 21 replies
    National Review ^ | 04/17/2018 | Michael Tanner
    Yesterday, as most Americans are painfully aware, was “Tax Day,” the last day for filing individual income taxes this year. When the smoke clears, Americans will have paid $1.6 trillion in individual income taxes. And contrary to the populist rhetoric of both the Left and the Right, the vast majority of those taxes will have been paid by the rich. The wealthiest 1 percent of Americans, who earn 16 percent of U.S. income, will pay roughly 43 percent of federal income taxes this year. Of course, income taxes are only one component of federal taxes, and for most Americans, it’s...
  • Woman goes broke attending 20 weddings in 4 years

    04/17/2018 5:20:26 AM PDT · by C19fan · 55 replies
    UK Sun ^ | April 16, 2018 | Jenny Francis
    “We’re engaged!” The phrase can cause excitement … or fear. Once the joy wears off after hearing your pals are getting hitched, you realize your bank ­balance is about to take a massive hit. Georgina Childs, 30, has had enough of forking out as a result of being a wedding guest… The PR account manager from Essex, England, got herself into Ł2,000 (almost $2,900) of debt and had to move back in with her with her parents after attending 20 weddings and 12 hen dos (bachelorette parties) in four years.
  • Ryan: Trillion-dollar deficits were inevitable

    04/15/2018 1:05:07 PM PDT · by yesthatjallen · 73 replies
    The Hill ^ | 04/15/18 | Alexander Bolton
    Speaker Paul Ryan (R-Wis.) says that trillion-dollar deficits could not have been avoided by the GOP-controlled Congress, responding to critics within his party who say that leaders have behaved irresponsibly. “That was going to happen. The baby boomers retiring was going to do that,” Ryan said on NBC’s “Meet the Press” of projections that the country will start running trillion-dollar deficits as soon as 2020. Etc...
  • Texas 130 expansion stalls as Texas toll roads go out of style

    04/10/2018 8:04:47 AM PDT · by Tolerance Sucks Rocks · 20 replies
    The Austin American-Statesman ^ | January 26, 2018 | Ben Wear
    The Texas Department of Transportation has a contractor lined up to add a lane to each side of Texas 130 through Pflugerville, a popular commuter route that often backs up during rush hour.But the $36.7 million contract with OHL Construction is now caught up in the freeze on toll road projects — even though the project would be an expansion of an existing toll road, funded with toll road revenue. It would not use money from the gas, sales and energy taxes that have been the target of grass-roots anti-toll groups.“The planning and (bidding) has been done. The contractor is ready...
  • GOP tax law will add $1.9 trillion to debt: CBO

    04/09/2018 12:02:49 PM PDT · by GIdget2004 · 32 replies
    The Hill ^ | 04/09/2018 | Niv Elis
    The GOP's signature tax law is projected to increase the national debt by $1.9 trillion between 2018 and 2028, according to a new report by the Congressional Budget Office. According to the report, the tax law would cost the government $2.3 trillion in revenues, but economic growth would offset that figure by about $461 billion. At 11 years, the report covers a slightly longer time period than the usual 10-year projections, but even accounting for just the first decade, the figure remains around $1.9 trillion. Some Republicans argued vociferously during the tax debate that tax cuts in the bill would...