Greener Pastures: Personal Finance

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Today is Sunday, December 21st, 2008

Carnival of Debt Reduction #165: A History of the National Debt

November 10th, 2008 • Related • Filed Under

Welcome to the 165th Edition of the Carnival of Debt Reduction. This is a weekly traveling personal finance carnival. Be sure to visit the 164th Edition at The Financial Wellness Project.

The theme of this week’s carnival is:

The History of National Debt

(Note that much of this data was collected from a recent article by political analyst Steve McGourty)

Chart I: Every Democrat since President Johnson has decreased national debt, while every Republican has increased it.

Credit Cards

Ryan Healy will change how you think about credit cards in his article Visa Takes Life, posted at Debt Reduction Formula.

nickel presents Reduced Credit Limits? Share Your Experience posted at fivecentnickel.com.

Debt Wizard presents Credit Cards- What To Look For posted at Money Help.

Tyler Metzger talks about consumerist gluttony in his post Diamond-inlaid credit card to be released in Kazakhstan at Taking Charge.

Benjamin tells us about “a couple of things you need to consider before you take advantage of special balance transfer offers” in Be Careful When Consolidating Your Credit Cards at Trees Full of Money.

MBB presents Christmas Shopping Offers With Credit Card Rewards posted at Money Blue Book.

Kelly from Almost Frugal presents How to Look Fabulous, Frugally: Part Two posted at Almost Frugal.

MoneyNing presents Credit Card Spending Limit, Credit Scores and Conventional Mortgages posted at Personal Finance Blog by Money Ning. A credit card representative told me that my credit card limit alone will affect my credit score. Do you believe her?.

Mr. CC presents Removing Yourself As An Authorized User posted at Ask Mr Credit Card’s Blog.

Andrea Smith presents Credit Card Debt Consolidation - A Credit Card Debtor’s Perfect Solution posted at Free Debt Consolidation: Qualified Financial Management.

Again according to Steve McGourty,

“If you look at the 60+ year record of debt since the end of WWII, starting with Truman’s term, the difference between the two parties’ contributions to our national debt level change considerably. Since 1946, Democratic presidents increased the national debt an average of only 3.2% per year. The Republican presidents stay at an average increase of 9.2% per year. Republican Presidents out borrowed and spent Democratic presidents by a three to one ratio. Putting that in very real terms; for every dollar a Democratic president has raised the national debt in the past 63 years Republican presidents have raised the debt by $2.84.”

Chart II:

The Fiscal Crisis

sherin presents Economic Recession and Preparing for a Recession posted at Investment Internals. A study on the preparation for recession time. Focused on Savings, Portfolio and Job security. An educational article for ordinary person to help self to build a self defense against problems from economic slowdown i.e. recession.

Joe Manausa presents How To Stay Calm In The Real Estate Market posted at Tallahassee Real Estate Blog.

TheMoneyHawk presents Reality Check: The President Can’t Save Us, Nor Should He posted at The Money Hawk. He says that Everyone should read this article. Period.

LAL presents The next meltdown? posted at LivingAlmostLarge.

Curt presents Saving Money Will Once Again Be Rewarded posted at PennyJobs.com.

hank presents How Is What We Are Going Through Now Different From The Great Depression in the 1930’s? posted at MiB Smarter Money.

Joshua Seth presents Benefits Of Economic Recession posted at Joshua Seth Blog.

Rich Credit presents Debt and the Credit Crisis posted at Rich Credit Debt Loan.

Budgeting

Raag Vamdatt presents Money Fundamentals: Spending, Investing, Credit, Debt :: RaagVamdatt.com :: Financial Planning demystified posted at RaagVamdatt.com.

Carson Brackney presents Dave Ramsey’s Debt Snowball - Bad Math, Great Results posted at Personal Finance Analyst.

Money Beagle presents What We’re Doing With The $2,700 posted at Money Beagle.From the author: “This talks about applying $2,700 towards our debt.”

Denise Trowbridge presents The One-Month Spending Crash Diet posted at Saving Advice.From the author: “We feel making a diligent, conscientious effort to stop spending might help us slow down, hop off of the consumption train and take a look at where the heck all of our money goes each month.”

NCN presents 10 Things That Will Happen On The Road Between Being In Debt And Being Debt Free posted at No Credit Needed.

Hanna Kassis presents It’s Not Too Late To Fund Your Child’s Education posted at College Finance 101.

Save Money presents Revising My Budget posted at How I Save Money.net.

Chart III: So much for Republicans being fiscally conservative.

Investing

Jason Philips presents Investments To Avoid posted at Stock Investing Tips.

Retirement

Dorian Wales writes about permanent income gone astray in Shortcuts to Early Retirement – Absurd Frugal Thinking or Common Financial Sense? posted at The Personal Financier.

Taxes

Big Cajun Mn presents I should Divorce My Wife? posted at Canadian Personal Finance Blog. The Canadian Tax system is so buggered up it is better to divorce my wife in their eyes (if I want to save taxes)

DianeDean presents Penalty Abatement posted at Need IRS Help?.

Miscellaneous

KCLau presents Case Study: Financial Goals of a Malaysian working in Singapore posted at KCLau’s Money Tips. Replies to queries on personal finance related to insurance, retiring early and parenting.

Carlos Sera presents A Mortgage Tale; Financial Tales posted at Financial Tales.

Cap presents Knocking Down Debt Doesnt have to be Dramatic or Inspirational posted at StopBuyingCrap.com. A story of my debt, and how it went away as easily as it came.

Khan presents Student Loan Forgiveness posted at Higher Education and Career Blog. While you may not be able to convince Uncle Sam to entirely forgive and forget your accumulated debt, he might be able to help you find some ways to reduce some of those financial woes.

The Happy Rock presents A Couple’s Wist List - Motivation For Success posted at The Happy Rock. DD @ The Happy Rock discusses some of their motivation for debt reduction.

HIB presents Getting Closer to Being Debt Free posted at Happiness is Better.

The Financial Blogger presents Prosper and Other P2P Lending System posted at TheCreditToolBox.com.

That concludes this week’s Carnival of Debt Reduction. I hope you enjoyed it. Please be sure to check out next week’s carnival.