Tag Archive for 'bankruptcy'
Former US Comptroller says Wake up America: US Government Spending Immoral Will Lead to Bankruptcy
Published by April 20th, 2008 in Breaking News, Culture, Finance/Economy and Politics. 1 Comment
The Former Comptroller General of the United States proclaims that our current standard of living is unsustainable unless drastic action is taken. He warns that funding shortfalls for the Medicare program is five times worse than Social Security, and it will take $8 TRILLION to pay for what is promised today to beneficiaries, of which we have ZERO!
This unrealistic "promise" is fiscally irresponsible and is mortgaging the futures of our… Keep reading | 1 Comment
Mortgage Principal Reductions: Is the Titanic Sinking? by Jonas Clark
Published by April 14th, 2008 in Breaking News and Finance/Economy. 1 Comment
Bankers are in panic mode. Financial ships are sinking with all hands on deck trying to plug the massive cracks before it’s too late. I wanted you to read the latest proposal on mortgage principal reductions made to the US House of Representatives because of upside down mortgages. It reads:
Recent Comments