World Events and the Bible

A site dedicated to World Events and Study of the Bible.

Tag: Debt & Poverty (page 1 of 3)

US Gross National Debt Spikes $1.2 Trillion in 6 Months, Hits $21 Trillion

These dang trillions are flying by so fast, they’re hard to see.

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The Senate Just Quietly Passed The Biggest Rollback Of Wall Street Regulations Since The Financial Crisis

WEB Notes: They are calling this the (Mike) “Crapo” bill and I could not agree more. The article goes on to say this will loosen lending so consumers have easier access to credit. So they passed the bill, because the poor consumer could not dig his debt grave deep enough. Interesting since America has a credit card debt of over $1 trillion for the first time in history.

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Feds Run $215 Billion Deficit in February, Highest In 5 Years

WEB Notes: Read it as many times as it takes to sink in. Combine this with the so-called tax cuts and we can see the government continuing to go further and further into debt.

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More Than Half Of Millennials Are Going Through ‘Quarter-Life Crisis’, Research Finds

WEB Notes: They note one of the biggest things affecting this age group is finance and these people admit to spending more money than they make…

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US Credit Card Debt Tops $1 Trillion For The First Time

WEB Notes:One article says we are rich, the next says we are broke. Which is it? It depends on what “class” of people you are talking about. If you are the bottom 99%, you probably fall in here.

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In this Era of Inflated Asset Prices, Can the Fed Raise Rates without Causing Financial Mayhem?

The Fed is trying to accomplish a soft landing — hence the extraordinarily slow rate hikes — but our history with soft landings is very spotty, and there has never been more debt than now:

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42% Of Americans Are At Risk Of Retiring Broke

WEB Notes: This is absolutely absurd! Look folks, the buck stops with you. I get it, life can be tough, but when it gets tough we as Christians become tougher. We need to make financially responsible decisions, do not roll monthly debt on credit cards. That is a recipe for disaster and so are monthly payments on other items. Pay yourself. Save your money until you have enough to pay cash…

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More Americans Now Support A Universal Basic Income

WEB Notes: Of course the percentage has gone up. The masses are glued to their digital devices and so are their children. All they consume is what the media tells them and that is what they regurgitate. Rarely will you find an original thought these days…

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US Gross National Debt Spikes $1 Trillion in Less Than 6 Months

As of the latest reporting by the Treasury Department, the US gross national debt rose by $41.5 billion on Thursday, February 22, to a grand total of $20.8 trillion.

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It’s Official: Most Americans Are Currently In Debt

WEB Notes: If you do not have the cash, you do not need it. Take a look around your house, your garage and sheds today.

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Trump Wants to Replace Food Stamps for Impoverished Americans With Food Boxes to Save Money

WEB Notes: We need welfare reform, no doubt about it. The program should not go on and on forever. People who are able-bodied do not need to be on welfare for years upon years. We also need to stop free programs for illegal immigrants, not give them a reason to come to our nation to suck off the system.

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City Fines Landlord $2 Million Because They Offered Homeless and Disabled Veterans Cheap Rent

WEB Notes: These type of articles make you want to pull your hair out, if you have not done that already.

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