debt to revenue

The harsh realities of excessive debt

Congress has muddled through the debt-ceiling crisis, but it's obvious the problem is not solved. Not only has the nation's debt rating been lowered, but massive deficit spending remains the norm in Washington, D.C. We're still going to hell in a hand basket, just at a slightly lower pace. On a smaller scale, any owner-operator who’s worked his way out of thousands of dollars of red ink can tell you what it’s like when compounding high-rate ...

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