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Debt ceiling rhetoric from both sides has blurred the reality that the US Government continues to spend more money than it takes in.
On this broadcast, we explain what the debt consist of, who owns it and short / long term impact on federal policy and interest rates.
Wendell and Tracey McFadden are the quentessential, all-American couple. They had it all..including debt and the stress that follows financial hardships. They share their inspiring story of finding their way out so that one day, you can too. Tune in for all the tid bits, details, and lessons learned!
This podcast was originally recorded in 2012. Since then the McFaddens have completed repaying their debt and were able to self fund Tracey's innaugural gospel music project - DEBT FREE. Get more details on their update and hear a sample of the first CD on www.debtfeedivas.org.
The House has voted to defund ObamaCare while fully funding the government. Ted Cruz calls on Senate Republicians to not allow Harry Reid to use "procedural tricks" to put funding for ObamaCare back into the Continuing Resolution. Obama says he will veto any C.R. bill that doesn't fund the Affordable Care Act which could lead to a "government shutdown". Meanwhile, Obama tells America that raising the Debt Ceiling does not increase national debt. We'll start there but we will also talk about how Obama has waived a provision of federal law designed to prevent the supply of arms to terrorist groups to clear the way for the U.S. to provide military assistance to opposition groups in Syria. Next; first he wanted Obama to skip coming to Congress and just attack Syria, then he wanted to limit free speech, and now Sen. Lindsey Graham wants to seek authorization for the U.S. to attack Iran. Other topics if time allows; Dianne Feinstein says "First Amendment Is A Special Privilege", Not A Right! and a Maryland Parent Arrested While Speaking Out Against Common Core at a Public Forum.
Web sites of interest:
Stocks were on fire in 2013. Will stocks soar again in 2014?
What about the Feb. 7, 2014 Debt Ceiling deadline? Can Secretary Lew push paper around and get us through summer without another political crisis?
Fitch has promised to address their Credit Watch Negative on the U.S. by the end of the first quarter 2014 (March 31, 2014). Their review occurs on March 21, 2014. What factors are at play? What's the likely outcome?
Stop the debt in 1 year, neutralize it in 2, end it in 5 with no taxes or austerity. Our mission is to end the debt by establishing a well-designed, sovereign, debt free, currency, free from the control, ownership, usury, inflation, and distribution of bankers enabling the US to end all borrowing and retire all existing debt so that citizens, residents, and visitors can all thrive within our borders regardless of current social, educational, or economic status. We are EndTheDebt.
Dee from Color Me Frugal has a colorful tale to share about getting through undergrad with no debt. Her parents didn't write a blank check. She didn't have a full ride. She did get it done. Think it's not possible to exit school without student loans? Dee has another perspective that parents, college kids, or anyone remotely considering a degree should consider. Tune in and be inspired!
Also in this episode:
30-day Meals @ Home Challenge
Money, Life, & More Google Hangouts
Pay Cash for Christmas
Join #teamdebtfree on Facebook and find a community to help you dump debt and regain your fiscal sanity!
You can also join us on Twitter or Pinterest.
Callers and Chat Participation are Welcome. All mics stay open during the show.
Bards Logic discusses the Government Shutdown, Obamacare, Immigration, and the upcoming Debt Ceiling Debate.
With the Government Shutdown and the Battle to Defund Obamacare waging, the debt ceiling increase looms. U.S. debt is over $17 Trillion, Obamacare will increase it and so will the Immigration "Reform" Bill that has been all but forgotten.
Join us in finding some Logic in this Government in Chaos ( or so it would appear).
How you spend what you earn determines your quality of life, and burden of stress. The Debt-Free Wealth Way is about enjoying a lifestyle you desire and deserve, debt-free. This is an ideal, a goal worthy of pursuing, and along the journey, I discourage depravity and depression. The focus is on what you have and want, rather than what you don't have or don't want.
To create a life of ultimate financial freedom will take time, sacrifice and focus. Living within and below your means is an absolute requirement for financial freedom to happen for you - however, since living within and below your means, for most is leads to a lifestyle of lack, we take the short-term approach to sacrifice with a long term view to expanding wealth.
Listen in as I give an overview of my signature 30/50/20 income distribution strategy to lifestyle upgrades and debt-free wealth.
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