By:
On:
In: Austrian Economics, debt, Inflation, interest, Taxes

Government Default or Raise The Debt Ceiling? Will the government default or raise the debt ceiling again? The U.S. Treasury Department is now calling on Congress to raise the debt ceiling once again to prevent a government default. Officially, the current United States debt ceiling expired on March 15th, 2017. The following day, the outstanding debt of the United States was at the statutory debt limit. This means that lawmakers must now decide how to address the nation’s fiscal problems or face government default. Treasury Secretary, Steven Mnuchin, recently sent a letter to House Speaker, Paul Ryan, on March 8 urging Congress to raise the debtRead More →

By:
On:
In: debt, Finance, Financial Planning, Retirement

Myra Roth Wants Your Money Promises Tax Benefits and Safety Myra Roth, the government’s new retirement account, launched nationwide this past Wednesday. myRA is her given name and she wants you to invest your hard earned money with her. She is of no kin to Ira or Betsy, and I do have my suspicions about her. Disclaimer: This blog was written with satire and is not intended as investment or tax advice. As I write this blog, our country is celebrating Veteran’s Day, and we are broke. A great number of the population are retired and/or unemployed. So, I find it ironic that our government suddenlyRead More →