Today, April 26, 2009 is Debt Day. It marks the beginning of a remarkable period for the federal government and the United States of America; one that will last until September 30. It’s the amount of time in its fiscal year that the federal government is deficit spending.

Haven’t heard of Debt Day before? Then you had better read the rest of this post to find out why an April Debt Day isn’t anything to be celebrating.

President Barack Obama escaped to Chicago for this past Valentine’s Day weekend. According to news reports, the President played a little basketball, got a haircut from his favorite barber, and took his wife out to Valentine’s Day dinner. Following Congressional passage of the $787 billion economic stimulus plan and with the auto bailout debate to look forward to this week, his need for a little vacation is understandable.

My burning question about his trip is this: Did he fly commercial?

While this site is primarily about America’s struggle with credit card debt, I do occasionally cover other financial topics that are worthy of mention.  It’s time to have another discussion of the nation’s debt, which I first discussed in the context of the release of the documentary, IOUSA, and is worthy of mention again now [...]

Although this website is generally about consumer debt, a Washington Post review of a new documentary movie caught my eye recently. It did so when it said the nation’s looming economic crisis would make the Great Depression look like a market correction. I expected it to be talking about the foreclosure crisis or [...]