9 out of 10 people say being #debt free would make them feel financially secure. I couldn't agree more. Especially in #retirement. Make sure you have the money you need to live the life you want, rather than be weighted down by big, expensive debt payments.

I am getting a lot of emails from the US Dept of Education in the lead-up to student loan payments resuming. We're about to find out just how catastrophic the student loan default crisis is going to get when a working population thrust into the mass death/disability and immense upward redistribution of wealth that morally bankrupt policy makers decided to make of the COVID pandemic is thrown headlong back into the fire pit of sisyphean debt bondage.

#StudentLoans #Debt #COVID #Education #PublicPolicy

Opinion: I can’t afford to pay parking tickets, so my car got towed. It upended my life https://www.latimes.com/opinion/story/2023-08-31/car-towed-unpaid-parking-tickets-california-los-angeles

#povertyisexpensive: The toll on my mental #health has hit me hard. From Day 1, I couldn’t be there for my daughter when she was in the #hospital. I’m unable to make the #income I need to #support my #family. Now I face losing my car and am buried in even greater #debt.

#InstitutionalizedPoverty #BrokenTaillightPolicing #ShreddedSafetyNet #HowTheLawFailsWomen #FailingTransit #sprawlscape

@Bronwyn increasingly, my #CreditScore seems to be another #advertisement for more #debt ... you're saving money by buying their #sale!

The #inequality in the #bondmarket perpetuates a cycle of #debt and #disinvestment in #Black communities, but it also has huge implications for #environmentaljustice and #climateresilience. If local leaders can’t raise money to protect #water lines and prepare for #floods, their constituents will end up reliant on decaying and vulnerable #public infrastructure. 
“#Race should certainly not affect the pricing of #municipalbonds,” Smull told Grist. 

From: @MotherJones
https://press.coop/@MotherJones/110955415883626427

College is the only guaranteed path to a successful career, right? Well, it's ONE path—and certainly not a guarantee you'll get your money's worth. Welcome to ~ "Two Minutes of Reality" ~ College Debt: "It's Not Worth It".

#college #debt #education #santabarbara

https://www.instagram.com/p/Cv0lq7-uz8Q

Trump is insolvent. Trump needed $225 million to not lose everything. A little-known bank came to the rescue.

Trump has hundreds of millions in loans coming due. He is more than $1.3 billion in #debt. In February 2022, the accounting firm that had worked for him for two decades dropped Trump and advised against relying on his “statement of financial condition,” a metric banks use to evaluate the risks of a loan.

Unless he found a new lender, Trump’s business could have been in jeopardy. He lives on debt.

This is a participation loan meaning the money could be from Putin. #FinCEN needs to look at the closing and the wires and trace every dime.

#USTreasury #Treasury #dojnatsec

https://www.washingtonpost.com/politics/2023/07/27/trump-loans-axos-bank-gregory-garrabrants/?pwapi_token=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJyZWFzb24iOiJnaWZ0IiwibmJmIjoxNjkwNDMwNDAwLCJpc3MiOiJzdWJzY3JpcHRpb25zIiwiZXhwIjoxNjkxODEyNzk5LCJpYXQiOjE2OTA0MzA0MDAsImp0aSI6ImNlZmNkYWFlLTBkMDAtNDI1MC05MWFjLTU1NWNlMDFhYWQ2MCIsInVybCI6Imh0dHBzOi8vd3d3Lndhc2hpbmd0b25wb3N0LmNvbS9wb2xpdGljcy8yMDIzLzA3LzI3L3RydW1wLWxvYW5zLWF4b3MtYmFuay1ncmVnb3J5LWdhcnJhYnJhbnRzLyJ9.mFLoK_u-9-8saoU7NQjmxyxLwMMi6FYGzg3qkmFo1Kw

The early 20th century meant the #development of #Oakland for #cars and for #HomeBuilding. The #bicycle was mostly forgotten, except as a toy or a piece of sports equipment, and #neighborhoods were laid out and #developed privately, by for-profit corporations rather than a civic body meant to benefit the citizens of Oakland. #PublicTransit was deprecated, except as a vehicle for #RealEstate sales. #AutoRow, on Broadway, and the car plants were churning out cars, and #debt to the people of Oakland, and the #newspaper was a marketing organ for these industries... This is all described really well in #MitchellSchwarzer 's book #HellaTown, which I recommend. I like old #maps, knowing how #roads came to be, and I've always been curious about the term "Little Skyline," which shows up in articles from this time. This article explains the route, and tells the story...

https://fastestslowguy.blogspot.com/2023/07/new-roads-open-routes-for-autoists.html

#georeference #OpenStreetMaps #history #Piedmont

https://www.whitehouse.gov/briefing-room/statements-releases/2023/06/30/fact-sheet-president-biden-announces-new-actions-to-provide-debt-relief-and-support-for-student-loan-borrowers/

FACT SHEET: President #Biden Announces New Actions to Provide #Debt Relief and Support for #Student #Loan Borrowers

Crimal defendant Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years!

The criminal “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase in American history. He lied!!

#Debt #criminal #CriminalRepublicans #frauds

https://www.propublica.org/article/national-debt-trump

Preventing #privatecreditors from abusing the system could free up desperately needed #fiscal space for #poorercountries to respond to and prepare for the #climatecrisis. In 2021, #lowincome countries spent an average of 27.5 percent of their #budgets on #debt service; #Nigeria spends a remarkable 96 cents on every #dollar paying back #creditors, according to the #World =Bank.

##advocates in labor unions, #faith groups, and other #nonprofits hope that the New York #Taxpayer and #Debt Crisis Protection Act will be among the bills to make it to Governor Kathy Hochul’s desk. The measure would level the playing field for public and private #creditors, including those that try to extract as much money as possible from #climate-vulnerable #borrowers.

https://newrepublic.com/article/173404/new-york-unlock-billions-climate-finance-foreign-debt

The treasonous Republicans who attempted a violent overthrow of the Republic pledge to torpedo US debt ceiling deal.

#treason #CriminalRepublicans #debt

https://www.ft.com/content/1e96c667-6beb-4af9-855f-c85935f169dc

Looks like the pending agreement on the #debt ceiling will give use two years until we have to repeat the debacle. That's past the '24 election when we can elect a trifecta in and eliminate the debt limit. #Biden is smart.

https://wapo.st/3MEDo5x

https://www.brookings.edu/blog/fixgov/2023/04/27/why-is-federal-spending-so-hard-to-cut-recurring-debt-ceiling-fights-will-only-be-solved-by-budget-reform/

Why is #federal spending so hard to cut? — Recurring #debt ceiling fights will only be solved by #budget reform

https://www.cnn.com/2023/05/27/politics/whats-in-the-debt-ceiling-deal/index.html

Here’s what’s in the #debt #ceiling deal

As someone who owns 1.5 properties, I can speak to the immense sacrifices I made to own #property, and I got in before the market doubled. #Canada needs to address this problem now.

Canada's household #debt is now highest in the G7 https://www.bbc.co.uk/news/world-us-canada-65688460

A political party that threatens to crash the economy unless poor people are made to suffer more is a party that has no regard for human dignity, social justice, or democratic values. Such a party is driven by greed, corruption, and elitism, and does not deserve the trust or support of the people. A responsible and compassionate political party would seek to improve the living conditions of all citizens, especially the most vulnerable and marginalized ones, and to foster economic growth that is sustainable and inclusive.
#gop #republicans #housespeaker
#debt #debtceiling #kevinmccarthy
#kevinmccarthyisanidiot

https://www.washingtonpost.com/opinions/2023/05/21/debt-ceiling-negotiations-biden-mccarthy-poor/

Opinion The #poor are being held hostage in the #debt ceiling standoff

If I were President facing the debt limit idiocy created by the R-party I'd begin to tighten some screws (and save some $$):

I'd begin by stopping all contractor work and non-essential activities at China Lake and Edwards - both are largely in Rep. mccarthy's district.

#debt #mccarthy