While the government crashes into its $14.3 trillion borrowing limit, households across the nation are struggling with their own debt ceiling.
Households and governments both, generally speaking, spend too much, rely too heavily on borrowing and need to strike a balance between incoming and outgoing money. According to Certified Financial Planner Board of Standards Consumer Advocate Eleanor Blayney, CFP®, the issues elected officials must tackle to get public finances into shape are "distressingly similar to those faced by indebted consumers." Read more >
August 1, 2011