Financial Wellness @ Work

GUEST BLOG POST: Is the Government Going to Shutdown or Increase Our National Debt?

Once upon a time, there was such a thing as a “risk-free” rate of interest.  This was the rate at which the federal government could borrow money from lenders, who happily went to sleep at night because, after all, the United States government could always pay its bills.  Unlike mortgage lenders Freddie Mac or Fannie Mae, Uncle Sam really was “too big to fail.”  (His unique ability to tax and print money helped, too…) Read more

Risk of Failure to Balance Budget

So in my last blog I outlined the real danger of government spending without a balanced budget.  If the government continues to borrow and spend, borrow and spend, borrow and spend, pretty soon Uncle Sam won’t be able to borrow any more.  If that happens – if foreign governments don’t lend the U.S. money, if investors don’t buy U.S. Government Bonds – how will the government pay for its expenditures?  This is a difficult question, and one we hope we never have to answer, but rather than cross our fingers and put our heads in the sand, we need to face this potential reality head on.  We know that the government’s going to have to do something, so here’s what you can do to be prepared: Read more

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