The Wisconsin State Journal published a few local reactions to the Wisconsin’s ongoing budget debates. One reaction caught my eye.
Christa Decker of Madison said she depends on Medicaid programs for everything from her wheelchair to doctor’s visits to long-term care. Decker, 51, who has both physical and cognitive disabilities, said that cuts to [...]
Wisconsin’s finances are in worse shape than I thought.
According to Wisconsin’s Comprehensive Annual Financial Report, or CAFR, the state ended the most recent fiscal year with a $2.15 billion deficit. Unlike state budgets that do not account for all future commitments, thus masking our true financial condition, the CAFR prepared by the [...]
Last week the Democrats in Congress decided how they’ll spend your money. Surprisingly, they won’t be letting you keep much of it.
Majority Democrats passed an important test Thursday with approval of a $2.9 trillion budget plan that promises big spending increases for party priorities such as education and health care. [...]
Christine and Mark Moellering have a debt problem.
Their credit card debt came to $22,228, including $380 in monthly finance charges. Interest varied from 12.1 percent to 32.24 percent. The Moellerings also have a mortgage of $93,000 and a home equity loan balance of $68,574, at 8 percent interest.
John Leland, of the New York [...]
It’s something Christine and I aren’t doing. However, it looks like Alan Greenspan’s legacy just might be helping millions of Americans to get comfortable with debt. The entire linked article is worth reading, but I’ll provide a few excerpts:
Today, borrowing against equity in real estate occurs at rates never seen before. Mortgage equity [...]