Debt crisis escalates: 1/3 Americans rely on credit cards to survive, 32% maxed out. Bipartisan bill seeks to cap interest rates at 10%. Financial strain hits hardest for Millennials and Gen X. #DebtCrisis #Inflation
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The U.S. national debt has hit $36.22 trillion. Can the new Department of Government Efficiency (DOGE) cut spending and save the economy? 
Dive into the challenges and potential solutions: https://shorturl.at/PdSjt #NationalDebt #Economy #FiscalPolicy #DOGE #USPolitics #DebtCrisis
shorturl.atAmerica's Growing Debt Crisis: Challenges and SolutionsWorld Traveler. Violin & mandolin teacher. Supply Chain & Global Sourcing Expert
Ray Dalio warns of potential "economic heart attack" for US economy within three years without government intervention, citing debt concerns and deficit issues
#YonhapInfomax #RayDalio #USEconomy #DebtCrisis #EconomicHeartAttack #GovernmentDeficit #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=52753
Mass layoffs, new $250 bills, 25% tariffs, distrust in consumerism, a tanking EV market, and rising national debt—perfect storm for economic crash? #Economy #RecessionWarning #DebtCrisis
Rep. Thomas Massie (R-KY), known for his staunch fiscal conservatism, is making it clear: he’s a firm #NO on the #Republican #debt plan.
In a C-SPAN interview, #Massie dismantles the party’s own talking points, revealing that even under the most optimistic assumptions, the proposal adds hundreds of billions to the #deficit in the coming years. According to Massie, leadership’s numbers show a $328 billion increase in 2025 alone—with no real plan to control spending beyond vague promises of future restraint.
Having served in #Congress for 12 years, Massie has seen multiple so-called “10-year plans” under #Boehner and #Ryan—none of which ever played out as promised. He remains skeptical that this time will be any different.
With the deficit skyrocketing and fiscal responsibility on the line, Massie’s message is clear: empty promises won’t fix #America’s #economic future.
#ThomasMassie #FiscalResponsibility #DeficitSpending #DebtCrisis #NoMoreDebt #GOP #RepublicanParty #Congress #StopSpending #CSPAN #PoliticalAccountability #GovernmentWaste #NationalDebt #DebtCeiling #BudgetBattle #DCPolitics #TruthMatters #PoliticsUnfiltered
In a C-SPAN interview, #Massie dismantles the party’s own talking points, revealing that even under the most optimistic assumptions, the proposal adds hundreds of billions to the #deficit in the coming years. According to Massie, leadership’s numbers show a $328 billion increase in 2025 alone—with no real plan to control spending beyond vague promises of future restraint.
Having served in #Congress for 12 years, Massie has seen multiple so-called “10-year plans” under #Boehner and #Ryan—none of which ever played out as promised. He remains skeptical that this time will be any different.
With the deficit skyrocketing and fiscal responsibility on the line, Massie’s message is clear: empty promises won’t fix #America’s #economic future.
#ThomasMassie #FiscalResponsibility #DeficitSpending #DebtCrisis #NoMoreDebt #GOP #RepublicanParty #Congress #StopSpending #CSPAN #PoliticalAccountability #GovernmentWaste #NationalDebt #DebtCeiling #BudgetBattle #DCPolitics #TruthMatters #PoliticsUnfiltered
Mortgage Nation: Australian retirees are deeper in debt than ever to the Big Four banks. With one of the most concentrated banking systems in the developed world, Australians—young and old—owe more than ever. #DebtCrisis #BigFourBanks #Housingcrisis
Michael West · Mortgage nation. Australian retirees owe record amounts to the Big Four banks. - Michael WestAustralia has one of the world's most concentrated banking systems, and we owe more to the 'big 4' than ever, including those about to retire
Bitcoin price will hit $1M, but at what cost? — Michaël van de Poppe - Trader and investor Michaël van de Poppe says many in the crypto ... - https://cointelegraph.com/news/bitcoin-can-hit-1-m-but-at-what-cost-michael-van-de-poppe #bitcoinprice #donaldtrump #debtcrisis #altseason #inflation #altcoins #bitcoin #podcast
Cointelegraph · Bitcoin price will hit $1M, but at what cost? — Michaël van de Poppe
US Debt Crisis Deepens as National Debt Surpasses $35 Trillion - The U.S. national debt has exceeded $35 trillion, highlighting the country’s sever... - https://news.bitcoin.com/us-debt-crisis-deepens-as-national-debt-surpasses-35-trillion/ #nationaldebt #newsbytes-2 #debtcrisis #newsbytes
Bitcoin News · US Debt Crisis Deepens as National Debt Surpasses $35 Trillion – News Bytes Bitcoin NewsThe U.S. national debt has exceeded $35 trillion, highlighting the country's severe fiscal challenges as debates over taxes and spending continue.
Developing countries face worst debt crisis in history, study shows https://www.theguardian.com/world/article/2024/jul/21/developing-countries-face-worst-debt-crisis-in-history-study-shows?CMP=Share_iOSApp_Other #Debt #DebtCrisis #DebtRelief
The Guardian · Developing countries face worst debt crisis in history, study shows
#DevelopingCountries are facing the worst #DebtCrisis in history with almost half their budgets being spent on paying back their #creditors, a study has
found.
More than 100 countries are struggling to service their debts, resulting in them cutting back on investment in #health, #education, #SocialProtection and #ClimateChange measures.
Developing countries face worst debt crisis in history, study shows
https://www.theguardian.com/world/article/2024/jul/21/developing-countries-face-worst-debt-crisis-in-history-study-shows
The Guardian · Developing countries face worst debt crisis in history, study shows
"...we would have a crisis in 2025. It could very well happen. I’m very confident by the end of the decade one way or another, we will be there." -Yahoo Finance
https://medium.com/@sara_causey/the-most-predictable-crisis-94835bc40696
Medium · “the ‘most predictable crisis’” - Sara Causey - Medium
#Africa 's debt crisis is spiralling out of control
It's time for the #WorldBank and #IMF to act
Over half of the African population live in countries that spend more on interest payments than on key social sectors such as health, housing, education and climate action.
Galaxy CEO: US Debt Crisis Drives Demand for Bitcoin - Galaxy Digital CEO Mike Novogratz has proposed several measures to prevent a U.S. ... - https://news.bitcoin.com/galaxy-ceo-us-debt-crisis-drives-demand-for-bitcoin/ #debtdeathspiral #cryptocurrency #galaxydigital #mikenovogratz #nationaldebt #debtcrisis #economics #bitcoin #crypto #usdebt
Bitcoin News · Galaxy CEO: US Debt Crisis Drives Demand for Bitcoin – Economics Bitcoin NewsMike Novogratz explained that the U.S. debt crisis makes it "so easy to convince people to buy bitcoin and other hard assets."
One in four credit card users pay bills late as debts soar | This is Money
https://www.thisismoney.co.uk/money/cardsloans/article-13094743/One-four-credit-card-users-pay-bills-late-debts-soar.html
This Is Money · One in four credit card users pay bills late as debts soar
#HONGKONG/ #BEIJING -A state-backed property project in #China has received the first development loan under Beijing’s so-called “whitelist” mechanism and two major cities have eased #HomeBuying curbs as concerns mount about the liquidation of #Evergrande
The rollout of funding support under this mechanism is being closely watched by a market reeling from a #DebtCrisis since mid-2021. #PropertyMarketCrisis
https://business.inquirer.net/443560/china-unveils-new-property-support-measures
State lawmakers find America’s medical debt problem ‘can no longer be ignored’
https://www.politico.com/news/2023/09/07/state-lawmakers-america-medical-debt-00114330
POLITICOState lawmakers find America’s medical debt problem ‘can no longer be ignored’ About 100 million Americans deal with medical debt, late notices, threatening voicemails and credit score declines.
Not sure how many more Evergrande size problems #China's property market can take.
"#CountryGarden has nearly $200 billion in total liabilities. It faces mounting pressure to pay off its debts — it has about 31 billion yuan ($4.3 billion) in bonds set to mature through the end of 2024, according to Moody’s." #PropertyMarketCrisis #DebtCrisis
Chinese homebuilder Country Garden warns it could default after posting $7 billion loss
https://edition.cnn.com/2023/08/30/business/china-country-garden-raise-funds-earnings-intl-hnk/index.html
