Finance Directory - Financial Information Portal
Accounting Bank Insurance Investing Mortgage Management Marketing

United States

Alexandria, United States


It has been described as a tidal wave, an asteroid, and a cancer; and the worst part is, nothing has been done about it. If we’re going to survive, we have to act now.
Both the government and citizens of the United States have become addicted to debt. In 2008, this addiction led to the biggest government bailout in U.S. history, a $700 billion dollar bailout accompanied by another $100 billion in tax cuts and spending increases. For the first time in history, the national debt is over $10 trillion. To put that into perspective, the national debt per person is growing at a drastic rate. Another way of putting it is, over 110 million people would have to forgo a four-year college education in order to pay off the current national debt.

Ever since the United States was founded, our country has had to deal with debt. The Revolution, the Civil War, the Great Depression, WWI, and WWII all resulted in spikes in the national debt. After each of these incidents during times of relative peace, the country has rebounded and significantly lowered this debt. However, in the 1980s, this all changed.

During the Reagan Era in the 1980s, national debt skyrocketed. Tax cuts and increased government spending lead to the national debt increasing from 33% to 64% of gross domestic product. This was the first time of relative peace that debt was accumulating.

Description: Financial Literacy Resources and Website for Financial News, Events and more
  Extensive fun sources, links, video, networks, events and iphone app FinLitTV so that with Financial Literacy....What You Know Counts
Category: Funds
  Financial Education - Financial Literacy - Financial Planning - April - Month Personal Finance Info - Baby Boomers - Social Security Benefits - Personal Debt - Kids - Programs - Training - Women - Techharmony Flexisite

Other Similar Finance Sites 

Fast and Easy Funds: At Fast and Easy Funds, our financing professionals are here to make your loan process as smooth as possible. And the process is likely much less of a process than ...
Acquarius Trust Group: We are company and trust managers and provide fiduciary services under license and regulation by the Financial Services Commission (license no: FSC00531B). With a track record of delivering expertise in ...
Orangefield Trust - Fund Services: ING Trust started to offer its services in the Netherlands and the Netherlands Antilles in the late 1970s. A decade later, the Hong Kong office was opened and the Mauritius’ ...
Get faxless payday loans online: faxless payday loan online Everybody at least once in life borrows and lends money. We can easily find a financial support from our relatives or friends. But be sure that they ...
Kotak Private Equity Firm: Kotak Private Equity Group (KPEG) is a specialist India Private Equity firm of Kotak Mahindra Group. We are leading managers of Private Equity Funds in India, focused on helping emerging ...
Home | Submit Site, News | Contact
Financial business directory - Thousands of financial sites with the detailed information - Best finance related services, information, news on the web important to the business and financial community.
© 2004-2015 Finance Directory. All Rights Reserved.