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Showing posts with the label Debt

Washington Post Tells Poor People That They Aren’t Allowed Vacations

According to the Washington Post and their Personal Finance columnist, Michelle Singletary, only the well-to-do folks amongst us are allowed a vacation and seemingly any fragment of enjoyment. Michelle uses her introductory sentence to show us that she knows how to form an argument and get people on her side: by patronising them. Singletary begins, “Nothing makes me crazier than when people deep in debt try to persuade me that they are being financially responsible because they ‘saved up’ for their vacation”. The pretentious Washington Post columnist has since stated on social media that her intention was to let cash-strapped families know that they don’t “deserve” anything, vacation included. The debate continued on Singletary’s Twitter page, as she posted a follow up tweet stating that it was simply that people don't deserve  anything, as well as attempting to tell them ways in which their money could be put to better use.. but then you read the rest of her dog turd slapp...

The US Federal Deficit Is Hurtling Towards $800B Under Donald Trump

According to the  US National Debt Clock , a website which tracks the real-time total of many governmental figures ranging from the US National Debt/Deficit, how many Americans currently use Food Stamps or the current amount of people who are currently unemployed in the US - which currently sits at 12,420,110 people or 3.7% of the population. Even since writing that paragraph and taking the time to make a cup of tea, an additional $7M has already been added to the US Federal Budget Deficit that is pictured above, which shows just how quickly it is increasing. Given the Republican Party's stern opposition to any federal spending because we "have to cut the deficit and pay down the debt", which is exactly what any sane governmental official should look to do during their time in office, but also provide an increase in the quality of life for each and every American citizen. The Republican Party are however extremely hypocritical when it comes to government spending an...