The Monster Under the Bed is Real, and it’s Name is Long-term Debt

27 08 2010

Long Term Debt is an uncomfortable reality plaguing the sweet dreamers of our economy.

How has this monster silently grown to become the massive threat that it is today? For a long time now, the US has been spending more money than it has been bringing in. The time will come when we will need to pay up. In addition to that, in the last two and a half years, there has been even more spending that has taken place to help offset the economic crisis. And to make matters worse, the Baby Boomers are reaching retirement, where instead of continuing to contribute as significantly as they have to the economy, they will be drying it up through the collection of Medicare and Social Security. Read the rest of this entry »

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Wall Street Reform: The Dodd-Frank Law

14 08 2010

It’s surprising to me that the Dodd-Frank Wall Street reform law that was signed into law on July 21, 2010 has not really gotten a lot of press after the fact. There was so much hype surrounding what should and should not be included in the bill, that now that it has been approved and signed, not much attention has been paid to what exactly is going to happen next.

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