Finance - HL 235 (1)

Helpful miscellaneous articles regarding our retirement plan and planning.  Like you, I review my retirement nestegg and plan from time to time.  Recently, I went though some continued education for some credentials I maintain and it occurred to me that we all could use a review about these issues.  So with your help, we will share and post articles and info that may be helpful and of interest to many of you in this section.

America …..Greece Problems on Steroids?

Is the borrower “really” in the driver’s seat?  America acts like it is and that its the new paradigm.

Ask yourself, what happens when our lender (China) gets into trouble and begins to call in its loans?

These macro scenarios could have a devastating effect on our micro economies and retirements!  Best to stay informed.

CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII; 'No Way to Predict Whether or When' Fiscal Crisis Might Occur Here

By Terence P. Jeffrey | July 10, 2015 | 5:19 PM EDT 

CBO Director Keith Hall (Screen capture)

(CNSNews.com) - Testifying in the U.S Senate yesterday, Congressional Budget Office Director Keith Hall warned that the publicly held debt of the U.S. government, when measured as a percentage of Gross Domestic Product, is headed toward a level the United States has seen only once in its history—at the end of World War II.
To simply contain the debt at the high historical level where it currently sits—74 percent of GDP--would require either significant increases in federal tax revenue or decreases in non-interest federal spending (or a combination of the two).
Historically, U.S. government debt held by the public, measured as a percentage of GDP, hit its peak in 1945 and 1946, when it was 104 percent and 106 percent of GDP respectively.
In 2015, the CBO estimates that the U.S. government debt held by the public will be 74 percent of GDP. That is higher than the 69-percent-of-GDP debt the U.S. government had in 1943—the second year after Pearl Harbor.
Read more:  http://cnsnews.com/news/article/terence-p-jeffrey/cbo-debt-headed-103-gdp-level-seen-only-wwii-no-way-predict-whether

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(As with any of these informative articles, anyone who needs someone to talk to about

this very subject contact me and I can direct you to a knowledgeable advisor).

 


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