Showing posts with label Debt. Show all posts
Showing posts with label Debt. Show all posts
Thursday, May 14, 2026
Tuesday, October 24, 2017
Monday, January 16, 2017
Wednesday, February 3, 2016
Wednesday, May 27, 2015
Monday, April 20, 2015
Wednesday, March 25, 2015
Monday, March 23, 2015
Tuesday, January 20, 2015
Sunday, December 7, 2014
Thursday, October 2, 2014
Monday, February 24, 2014
Friday, February 7, 2014
Friday, April 5, 2013
Report: Ohio Is Illegally Throwing Poor People In Jail For Owing Money
Report: Ohio Is Illegally Throwing Poor People In Jail For Owing Money: The Americans Civil Liberties Union on Friday revealed that courts in Ohio are illegally throwing poor people in jail for being unable to pay off a debt. In a report titled, “The Outskirts of Hope,” (PDF) the ACLU shines a light on a harrowing “debtors’ prison” system in Ohio — one that violates both the [...]/p
Thursday, March 21, 2013
How Student Loans Are Keeping You Out Of The Middle Class | Alternet
How Student Loans Are Keeping You Out Of The Middle Class | Alternet
"The problems that have led to today’s middle-class crisis for borrowers aren't unknown. Cuts to public funding for higher education have gradually shifted the costs of a college education on to individual students. With scholarship and grant funding limited, students have turned to loans. Escalating tuition combined withstagnating middle-class incomes have made it harder for borrowers to meet their obligations."
"The problems that have led to today’s middle-class crisis for borrowers aren't unknown. Cuts to public funding for higher education have gradually shifted the costs of a college education on to individual students. With scholarship and grant funding limited, students have turned to loans. Escalating tuition combined withstagnating middle-class incomes have made it harder for borrowers to meet their obligations."
Wednesday, March 20, 2013
Access to Health Care, Basic Necessities a Matter of Life or Debt
Access to Health Care, Basic Necessities a Matter of Life or Debt
"The US has used a market-based health system for so long that most people probably feel that it is normal, but in truth, the US health system is an aberration. Most industrialized nations have publicly-funded universal health care systems paid for through taxes that cover virtually 100 percent of necessary care. Their systems have been in existence for many decades, and while no system is perfect, other countries spend half what the United States does per person on health care, cover everyone and have better health outcomes."
"The US has used a market-based health system for so long that most people probably feel that it is normal, but in truth, the US health system is an aberration. Most industrialized nations have publicly-funded universal health care systems paid for through taxes that cover virtually 100 percent of necessary care. Their systems have been in existence for many decades, and while no system is perfect, other countries spend half what the United States does per person on health care, cover everyone and have better health outcomes."
Monday, March 18, 2013
Stop Freaking Out About the Debt! 5 Reasons There Is No Debt Crisis | Alternet
Stop Freaking Out About the Debt! 5 Reasons There Is No Debt Crisis | Alternet
"In conclusion: the “debt crisis” is a mere phantom — only one of many possible futures, and far from a certainty. The interest America is paying on its debt is currently lowerthan it was in the 1990s, despite a lower debt-to-GDP ratio then. When inflation is factored in, current real interest rates on our debt are negative. Financial markets are willing to pay us to borrow from them.
"In conclusion: the “debt crisis” is a mere phantom — only one of many possible futures, and far from a certainty. The interest America is paying on its debt is currently lowerthan it was in the 1990s, despite a lower debt-to-GDP ratio then. When inflation is factored in, current real interest rates on our debt are negative. Financial markets are willing to pay us to borrow from them.
Meanwhile, every dollar we cut — nay, every dollar we fail to borrow — is a dollar that isn’t going to shore up the safety net, to rebuild the country’s infrastructure, or to support struggling Americans while their livelihoods remain on the line. That we’re passing on this opportunity to repair our country, much less even considering the monstrosity that is the Ryan budget, really is absurd."
Republicans: There's No Debt Crisis, We Just Want to Screw the Poor | Alternet
Republicans: There's No Debt Crisis, We Just Want to Screw the Poor | Alternet
"Admitting that there’s no immediate crisis illustrates that the GOP’s proposed monstrous cuts to social welfare programs are more an attempt to push through their ideology than save the country from collapse. As the media continues to hyperbolize the deficit, the need for compromise and the instantaneous dangers that will occur if we don’t impose austerity cuts, Republicans are happily using the spin to quickly demand these absurd cuts. But now, especially with both parties acknowledging that there’s no immediate debt crisis, we must demand an honest, smart budget from Congress."
"Admitting that there’s no immediate crisis illustrates that the GOP’s proposed monstrous cuts to social welfare programs are more an attempt to push through their ideology than save the country from collapse. As the media continues to hyperbolize the deficit, the need for compromise and the instantaneous dangers that will occur if we don’t impose austerity cuts, Republicans are happily using the spin to quickly demand these absurd cuts. But now, especially with both parties acknowledging that there’s no immediate debt crisis, we must demand an honest, smart budget from Congress."
Thursday, March 14, 2013
Memo to Washington: Private Debt Threatens Our Economy, Not Government Deficits | Alternet
Memo to Washington: Private Debt Threatens Our Economy, Not Government Deficits | Alternet
"The debt we are talking about is private-sector debt. But most officials this afternoon focus on government debt and budget deficits as the problem – especially social spending such as Social Security, not bailouts to the banks and Federal Reserve credit to re-inflate prices for real estate, stocks and bonds."
"The debt we are talking about is private-sector debt. But most officials this afternoon focus on government debt and budget deficits as the problem – especially social spending such as Social Security, not bailouts to the banks and Federal Reserve credit to re-inflate prices for real estate, stocks and bonds."
Saturday, March 2, 2013
Student Debt Tripled in Eight Years | Alternet
Student Debt Tripled in Eight Years | Alternet
"A new report from the New York Federal Reserve further confirms what many commentators have been long saying — student debt is the bubble that just keeps expanding. Total student debt has nearly tripled in the past three years."
"A new report from the New York Federal Reserve further confirms what many commentators have been long saying — student debt is the bubble that just keeps expanding. Total student debt has nearly tripled in the past three years."
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