|
The New York Times
3/10/10
Irish Take Bitter Medicine To Survive Age of Red Ink
"The hard choices forced upon Ireland are confronting governments around the world. The U.S. and Britain have huge budget deficits that are potent political issues. Cash-strapped cities and states in the U.S. are slashing services."
Wall Street Journal
3/3/10
Greece Plans New Slate of Austerity Measures
"Greek Prime Minister George Papandreou said his government...to fix the country's broken public finances, warning that it was an issue of national survival."
CNBC
3/1/10
Warren Buffett
"We have a health system that is really out of control...We need fundamental change."
The White House
2/26/10
President Obama Names Members of Bipartisan National Commission on Fiscal Responsibility and Reform
"Today, President Barack Obama named the following individuals to serve...co-chaired by...Erskine Bowles and...Alan Simpson."
David Cote, Ann Fudge, Alice Rivlin, Andy Stern
CNBC
2/24/10
Federal Reserve Chairman Bernanke
"Plans to reduce medium to long term deficit gives us more flexibility in the short-term...We may find ourselves facing higher interest rates even today...There would be a benefit to a fiscal exit if you will."
(Federal Reserve Building in Washington DC)
The Nation
2/18/10
Athens: The First Domino?
"....Greeks bearing a bitter gift of sovereign default...there's still reason to hope that we may not yet be facing Global Financial Crisis 2.0."
New York Times
2/17/10
"Party Gridlock in Washington Feeds New Fear of Debt Crisis"
"Senator Evan Bayh's comments this week...Exhibit A: The unwillingness of the two parties to compromise to control a national debt that is rising to dangerous heights."
New York Times
2/14/10
Future Bailouts of America
"Lawmakers interested in re-election have little incentive to be truthful...We are no closer to reining in too-powerful-to-fail companies...It is a disservice to a bewildered and beleaguered nation."
Wall Street Journal
2/8/10
"Toward a Different Fiscal Future"
First, introduce specific targets...reducing discretionary spending...Second, slow the growth of entitlement spending on Social Security and Medicare...Third...the administration must confront and propose significant, broad-based tax increases."
Wall Street Journal
2/1/10
Deficit to Hit All-Time High
"The deficit is forecast to stabilize...before beginning to rise again, according to the White House projections. The projected rise is due to the retirement of the baby boomers which is expected to result in increased spending on Medicare and Social Security."
U.S. News
1/29/10
Obama creates financial literacy council
"U.S. President Barack Obama signed an executive order Friday creating an Advisory Council on Financial Capacity to help improve Americans' financial literacy."
The New York Times
1/27/10
Obama, On Own, To Set Up Panel On Nation's Debt
"The issue will be a major theme of Mr. Obama's nationally televised speech Wednesday night, as he seeks to respond to the public's concern about the budget deficit."
The White House
1/23/10
Statement By The President On A Statutory Fiscal Commission
"The serious fiscal situation that our country faces...trillions of dollars in deficits...The only way to solve our long-term fiscal challenge is to solve it together--Democrats and Republicans."
The New York Times
1/17/10
Bernanke And the Beast
"To be sure, we have large budget deficits and ample money growth...Such a large deficit was unimaginable just a few years ago."
The Washington Post
1/15/10
What Karl Rove got wrong on the U.S. Deficit
"At the same time, we also recognize that we need to address the long legacy of overspending in Washington."
Forbes.com
1/13/10
America's Financial Illiteracy
"That suggests that the most important role for a Consumer Financial Protection Agency may be to increase the public's financial literacy."
CNBC
1/11/10
Dollar Crisis Looms if US Doesn't Curb Deficit : Experts
"The national debt has risen above 50 percent of GDP (gross domestic product)...and within 20 years will blow past a previous record above 100 percent of GDP..."
UncommonWisdomDaily.Com
1/11/10
Bernanke Bullion, Revisited...
The primary cause of gold's surge is fundamental and long-lasting...The eventual recognition that Washington is financially broke beyond repair...the growing loss of confidence in governments, here and across the globe..."
CNBC
1/6/10
Senator Kent Conrad and Bipartisan Fiscal Tax Force
"...longer-term, it is absolutely imperative that we put this country back on a sounder footing."
RealClearMarkets.Com
12/31/09
Budget Deficits Have Consequences
"Unlimited federal spending means...America will become a less attractive place to invest, a less attractive place to work, a less attractive place for economic activity."
The Washington Post
12/18/09
Calling On Congress to Stop the Debt Tsunami
"The United States, they unanimously said, is facing a 'debt driven crisis--something previously viewed as almost unfathomable in the world's largest economy.'"
Newsweek
12/7/09
How Great Powers Fall
"Call the United States what you like--superpower, hegemon, or empire--but its ability to manage its finances is closely tied to its ability to remain the predominant global military power."
|
The Economist
3/6-12-2010
Who pays the bill?
The main fault-line is often intergenerational...Middle-aged Americans have written cheques on the accounts of their children...The graver threat this time is that countries are tempted to diminish their debts through higher inflation."
The New York Times
2/28/10
The Cost of Doing Nothing on Health Care
"'It will break all of our banks if we do nothing," said Peter V. Lee, who overseas national health policy for the Pacific Business Group on Health..."'It is a course that is literally bankrupting the federal government and businesses and individuals across the country.'"
CNBC Video
2/22/10
Simpson: Attack the Deficit
"The word 'entitlements' has killed us...This is a 1.6 trillion dollar deficit in one year...Your're going to have to do something with the entitlements...The word itself has killed us...Do you know by doing nothing with social security, entitlements, medicare, these engines are coming down the track and everything will be gone."
The White House
2/18/10
Remarks by the President Establishing the National Commission on Fiscal Responsibility and Reform
"I know the issue of deficits has stirred debate...But with the commission that I'm establishing today...I believe we are finally putting America on the path towards fiscal reform and fiscal responsibility."
US Department of the Treasury
2/12/10
"In December 2009, Treasury Secretary Tim Geithner and Education Secretary Arne Duncan announced the National Financial Capability Challenge... we also need to make sure all Americans---but especially our youth---get the financial education they need to help them take responsibility for their financial futures."
National Financial Capability Challenge
Voluntary Online Exam for High School Students
by April 9, 2010
www.challenge.treas.gov
Meet the Press
2/7/10
Henry Paulson
Former US Treasury Secretary
"I have no doubt the deficit is by far the most serious issue facing Washington."
Alan Greenspan
Former US Federal Reserve Chairman
"History tells us that nations that are challenged to borrow no longer remain super powers."
Executive Office of the President
1/20/10
H.J.Res.45--Increasing the Statutory Limit on the Public Debt
"The Administration strongly supports passage of an increase in the public debt limit. Such an increase is critically important to make sure that financing of Federal Government operations can continue without interruption and that the creditworthiness of the United States is not called into question."
Barron's
1/18/10
Charitable Contribution
"But the aging of the baby boom generation...will drive federal spending on Medicare, Medicaid and Social Security up by 10% of GDP per year by 2040...If we borrow to finance the retirment of 80 million people...Americans will contract a debt vastly more burdensome than the debt for World War II."
Wall Street Journal
1/8/10
Big Deficits Cloud Britain's Future
"Even as Britain recovers from recession, it faces one of the largest budget deficits in the world at more than 12.5% of gross deomestic product."
SKY NEWS
England
1/3/10
Children To Get Lessons in Personal Finance
"School Secretary Ed Bells said: 'It's vital that all young people leave school with a basic understanding of how to manage their money sensibly.'"
Financial Literacy and Healthcare
PriceDoc.com zipcode search and negotiate prices for health care
HealthcareBlueBook.com zipcode search and "fair" price range for health care treatments
OutofPocket.com user provided prices to determine "going rate" for health care
MyPyramid.gov Diet Guidelines for Health
Meet Your Match Career Fair at GWU
November 2009
GWU School Without Walls
Finance Club
2010
facebook
FinLitTV Group and iPhone App
Nayla Atallah says,
"The new iPhone FinLitTV app is a great way to test one's knowledge about issues relevant to us...It is both fun and educational!"
Did you know?
The Social Safety Jump
Yahoo! Finance
1/21/10
8 Possible Social Security Benefit Changes
"Social Security is moving towards its day of reckoning. And while the national upheaval might not be the train wreck that health reform has become, it will be a big, big deal."
What young workers should know about Social Security and saving*
"Since Social Security will replace part of your lost earnings, your savings and investments play an important role in ensuring adequate income for you and your family." *
* Social Security Administration Pamphlet
|