Results for: consumer debt
The Next Revolution in China
https://pjmedia.com/vodkapundit/2016/05/23/the-next-revolution-in-china-n248866
https://pjmedia.com/vodkapundit/2016/05/23/the-next-revolution-in-china-n248866
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Longtime Sharp VodkaPundit Readers™ are well-informed already about the United States’ addiction to debt and cheap money, and our coming … Today’s China is also the world’s manufactory of first resort for consumer goods, and Chinese investments in infrastructure and resources…
NAACP Embraces Federal Crackdown on Payday Lenders
https://pjmedia.com/nicholas-ballasy/2016/06/14/naacp-embraces-federal-crackdown-on-payday-lenders-n103937
https://pjmedia.com/nicholas-ballasy/2016/06/14/naacp-embraces-federal-crackdown-on-payday-lenders-n103937
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WASHINGTON – Hilary Shelton, the director of the NAACP’s Washington Bureau, welcomed the Consumer Financial Protection Bureau’s proposal … “The Consumer Bureau is proposing strong protections aimed at ending payday debt traps. … “The short of it is it would certainly limit the number of access to predatory loans that are debt trapping, but in essence it also…
'I Kind of Ruined My Life by Going to College': 4 Student Debt Horror Stories
https://pjmedia.com/tyler-o-neil/2016/07/06/i-kind-of-ruined…ife-by-going-to-college-4-student-debt-horror-stories-n47060
https://pjmedia.com/tyler-o-neil/2016/07/06/i-kind-of-ruined…ife-by-going-to-college-4-student-debt-horror-stories-n47060
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A source from the debt-buying industry told PJ Media that this was violation of regulations. … Retired University of Cincinnati Professor Mary Franklin told Consumer Reports that debt collectors threatened to garnish her disability … for the National Consumer Law Center.…
The Good and Bad News from the Congressional Budget Office
https://pjmedia.com/bill-straub/2015/02/04/the-good-and-bad-news-from-the-congressional-budget-office-n6597
https://pjmedia.com/bill-straub/2015/02/04/the-good-and-bad-news-from-the-congressional-budget-office-n6597
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“Runaway spending habits have bred excessive deficits and incredible debt,” Enzi said. … “As we meet this morning, our Federal debt totals over $18 trillion. Every man, woman, and child owes $56,000 on that debt. … Enzi vowed Congress will “act to control the spending, reduce the deficits and end the debt.…
Sign "O" the Times
https://pjmedia.com/vodkapundit/2015/03/06/sign-o-the-times-180-n247003
https://pjmedia.com/vodkapundit/2015/03/06/sign-o-the-times-180-n247003
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Consumer spending is down, initial jobless claims are up, and Marc Cuban says we’re in a tech bubble “far worse” the the DotCom Bubble … The difference between the last two bubbles and today is, we weren’t already sitting on $18,000,000,000,000 worth of debt, interest…
Your ♡bamaCare!!! Fail of the Day
https://pjmedia.com/vodkapundit/2015/03/17/your-obamacare-fail-of-the-day-276-n247066
https://pjmedia.com/vodkapundit/2015/03/17/your-obamacare-fail-of-the-day-276-n247066
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If you’ll recall, it was just last week I speculated that the declines in consumer spending, for three months running and despite … moderate incomes, simply do not have the resources to pay their deductibles and will either have to put off care or incur medical debt … It’s no wonder that collections for medical debt represent half of all bill collections.…
Sanders, Dems Propose Investment Gains Tax Hike to Pay for Social Security Expansion
https://pjmedia.com/nicholas-ballasy/2017/02/23/sanders-dems…gains-tax-hike-to-pay-for-social-security-expansion-n107566
https://pjmedia.com/nicholas-ballasy/2017/02/23/sanders-dems…gains-tax-hike-to-pay-for-social-security-expansion-n107566
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“Everybody in this room knows that Social Security hasn’t added a nickel to the debt. … breaks for billionaires and the war in Iraq and an inflated military budget that in fact led to the high deficits and the national debt … insurance amount” for qualified beneficiaries starting in 2021 and “revise computation of cost-of-living adjustments to use the Consumer…
Budget Director: Meals on Wheels 'Sounds Great,' But 'Not Showing Any Results'
https://pjmedia.com/bridget-johnson/2017/03/16/budget-direct…s-on-wheels-sounds-great-but-not-showing-any-results-n108029
https://pjmedia.com/bridget-johnson/2017/03/16/budget-direct…s-on-wheels-sounds-great-but-not-showing-any-results-n108029
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Meals on Wheels America says one in six senior Americans “struggles with hunger,” and their consumer base consists of seniors who receive … We’re $20 trillion in debt. We’re going to spend money. We’re going to spend a lot of money.…
Mont. Dem. Rob Quist Silent on Genital Herpes in Tax Evasion Case
https://pjmedia.com/tyler-o-neil/2017/05/17/mont-dem-rob-quist-silent-on-genital-herpes-in-tax-evasion-case-n42606
https://pjmedia.com/tyler-o-neil/2017/05/17/mont-dem-rob-quist-silent-on-genital-herpes-in-tax-evasion-case-n42606
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In that announcement, the campaign declared, “After medical complications following surgery, Rob Quist got into debt. … Quist paid off his debt, but he believes no one should ever face bankruptcy just because they get sick.” … The most recent poll, from Google Consumer Surveys, found Quist ahead of Gianforte, with 49 percent to the Republican’s 42 percent.…
GOP Senator: Time ‘Running Out’ to Pass Trump Agenda
https://pjmedia.com/nicholas-ballasy/2017/07/11/gop-senator-time-running-out-to-pass-trump-agenda-n110887
https://pjmedia.com/nicholas-ballasy/2017/07/11/gop-senator-time-running-out-to-pass-trump-agenda-n110887
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healthcare in the next week or two, between now and the end of the fiscal year, we only have 31 working days left and we have the debt … are made including allowing people to use pre-tax dollars from health savings accounts to pay premiums as well as adopting the “consumer…
Bewitched, becalmed, bewildered
https://pjmedia.com/richard-fernandez/2017/07/07/bewitched-becalmed-bewildered-n194823
https://pjmedia.com/richard-fernandez/2017/07/07/bewitched-becalmed-bewildered-n194823
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responsible for secular stagnation, namely demography, education, inequality, globalization, energy/environment, and the overhang of consumer … and government debt. … These four barriers to growth are demographics, education, inequality, and government debt.…
A Student Debt Forgiveness Program That's Out of Control
https://pjmedia.com/rick-moran/2017/07/23/a-student-debt-forgiveness-program-thats-out-of-control-n52648
https://pjmedia.com/rick-moran/2017/07/23/a-student-debt-forgiveness-program-thats-out-of-control-n52648
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What is the moral hazard in forgiving student loan debt? … debt burden, surpassing auto and credit card debt and trailing only mortgage debt. … Borrowers With Student Loan Debt: 44.2 million
Student Loan Delinquency Or Default Rate: 11.2%
Total Increase In Student Loan Debt…
The 'Amazon Washington Post,' and Why It Needs to Be Destroyed
https://pjmedia.com/michael-walsh/2017/07/22/the-amazon-washington-post-and-why-it-needs-to-be-destroyed-n120617
https://pjmedia.com/michael-walsh/2017/07/22/the-amazon-washington-post-and-why-it-needs-to-be-destroyed-n120617
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Don’t want to go into debt over that irresistible offer Alexa just chirped to you? Fuhgeddaboutitt. … The FTC is probing a complaint brought by the advocacy group Consumer Watchdog, which looked at some 1,000 products on Amazon’s website … Consumer Watchdog argued that the deceptive list prices make Amazon prices look like a bargain, and asked the FTC to stop Amazon from…
The End of the Memory Hole
https://pjmedia.com/richard-fernandez/2016/08/20/the-end-of-the-memory-hole-n194568
https://pjmedia.com/richard-fernandez/2016/08/20/the-end-of-the-memory-hole-n194568
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model of state capitalism that lives off of commodities exports —redistributing revenues among the population and stimulating consumer … captures the mood of leftist cohort that has repeatedly turned the corner expecting to find a Worker’s Paradise only to find Student Debt…
Your Wednesday Afternoon Dose of Doom & Gloom
https://pjmedia.com/vodkapundit/2015/04/29/your-wednesday-afternoon-dose-of-doom-gloom-4-n247348
https://pjmedia.com/vodkapundit/2015/04/29/your-wednesday-afternoon-dose-of-doom-gloom-4-n247348
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Don’t be fooled by those “strong” numbers from Q3 and Q4 of last year — they were mostly the result of a surge in consumer spending … the extent that demand is growing at all in the world economy, it seems again to be almost entirely dependent on rising levels of debt … A crisis caused by too much debt has been fought with even more of the stuff.…
Proposed CA Bill Allows Some Calls to Be Recorded Without Consent
https://pjmedia.com/stephen-kruiser/2015/05/05/proposed-ca-bill-allows-some-calls-to-be-recorded-without-consent-n200639
https://pjmedia.com/stephen-kruiser/2015/05/05/proposed-ca-bill-allows-some-calls-to-be-recorded-without-consent-n200639
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provision in state law making it illegal for companies to record all cellphone conversations without the express consent of the consumer … The bill was opposed by numerous advocates for consumers and seniors, including the Consumer Federation of California and the American … privacy, it is wrong to be considering rolling back an important privacy law,” said Richard Holober, executive director of the Consumer…
Small-Ball Conservatism or National Greatness?
https://pjmedia.com/david-p-goldman/2016/10/25/small-ball-conservatism-or-national-greatness-n132160
https://pjmedia.com/david-p-goldman/2016/10/25/small-ball-conservatism-or-national-greatness-n132160
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Federal debt was only 30% of GDP in 1979 (not counting unfunded entitlements), but rose to 110% in 2015. … The former technological vanguard, though, has turned into a group of stable consumer monopolies.…
Will Trump’s Populist Policies Actually Make America Great?
https://pjmedia.com/henry-gomez/2016/11/11/will-trumps-policies-make-america-great-n5626
https://pjmedia.com/henry-gomez/2016/11/11/will-trumps-policies-make-america-great-n5626
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protectionism that inflate prices and give consumers fewer choices, to tax cuts that bring companies back, create jobs, and preserve low consumer … During the campaign, Trump didn’t really address the debt and spending, and when he did, he actually advocated more borrowing because…
The Abolition of Money
https://pjmedia.com/richard-fernandez/2016/11/28/the-abolition-of-money-n194658
https://pjmedia.com/richard-fernandez/2016/11/28/the-abolition-of-money-n194658
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This explains why the policy is an attack on the Indian way of doing business: Much of India’s cash-based consumer transactions have … Last year, our federal government spent $223 billion, or 6 percent of all discretionary spending, on debt interest payments. … On our current track, we will spend more on debt interest than we do on our national defense within ten years.…
CFPB Director Makes Revolutionary Budget Request and Washington Faints
https://pjmedia.com/rick-moran/2018/01/18/cfpb-director-makes-revolutionary-budget-request-n55687
https://pjmedia.com/rick-moran/2018/01/18/cfpb-director-makes-revolutionary-budget-request-n55687
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Mick Mulvaney, former member of Congress who now heads up the Consumer Financial Protection Bureau (CFPB), just forced an epidemic … They aren’t trying to put the consumer in a “debt trap.” … The consumer does it himself due to a failure to understand what he is signing.…
CBO Projects Steeper Hike in Deficits Since Last Report in June
https://pjmedia.com/bridget-johnson/2018/04/10/cbo-projects-steeper-hike-deficits-since-last-report-june-n115577
https://pjmedia.com/bridget-johnson/2018/04/10/cbo-projects-steeper-hike-deficits-since-last-report-june-n115577
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Most of this growth is driven by consumer spending and business investment, but federal spending also contributes a significant amount … As deficits accumulate, debt held by the public rises from 78 percent of GDP, or $16 trillion at the end of 2018 to 96 percent of GDP…
Stop Griping About Social Distancing. Embrace the Reset.
https://pjmedia.com/jeff-reynolds/2020/03/18/stop-griping-about-social-distancing-embrace-the-reset-n379340
https://pjmedia.com/jeff-reynolds/2020/03/18/stop-griping-about-social-distancing-embrace-the-reset-n379340
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Surveys show that Americans carry too much debt and don’t have much savings to help weather a crisis. … There are a bunch of great courses out there on how to create a proper household budget and stop relying on consumer debt to pay for … Debt is slavery, and financial freedom is one of the most empowering things a family can learn.…
Buy Stocks, But With Caution
https://pjmedia.com/david-p-goldman/2020/03/13/buy-stocks-but-with-caution-n379261
https://pjmedia.com/david-p-goldman/2020/03/13/buy-stocks-but-with-caution-n379261
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Demand for US corporate debt is likely to be more restrained, the cost of debt is likely to be higher, and the ability of corporations … The first is tech companies with strong market positions, steady top-line growth and little debt. … I haven’t seen an improvement in the unsecured debt of retail or office REITs.…
Debt Takes a Holiday
https://pjmedia.com/stephen-green/2020/04/03/debt-takes-a-holiday-n384208
https://pjmedia.com/stephen-green/2020/04/03/debt-takes-a-holiday-n384208
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Apply the logic to credit card debt, auto loans, and things start to break down quickly.
All that is just the consumer side. … If the customers stop coming in, the lease/credit/debt payments stack up quickly. … Essentially, as long as we’re stuck at home, debt takes a holiday, too.…
Free Money! Dems Team Up to Give Away the Farm, Barn & Outhouse
https://pjmedia.com/stephen-green/2020/04/15/free-money-dems-team-up-to-give-away-the-farm-barn-outhouse-n384242
https://pjmedia.com/stephen-green/2020/04/15/free-money-dems-team-up-to-give-away-the-farm-barn-outhouse-n384242
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What the economy needs, and what I proposed almost two weeks ago, is a debt moratorium [VIP link] for the duration of the Wuhan-virus … When the Wuhan virus struck, it wasn’t like the 2007-08 financial panic, which suppressed consumer demand primarily through foreclosures … Years ago, the New York State Consumer Protection Board looked into Lesko’s promises of “Free Money to Pay Your Bills,” and found them…