Fox Business - The Power to Prosper
Search Site

National Debt

A modest proposal to save America

By Carter LecrawLast week my wife, son and I were sitting in the living room talking about our family finances. For some reason I remarked that our savings would not matter if we had no country. Maybe that sparked another thought: "If there is no America, we have no investments".In other words, if America goes away our investments become meaningless and devoid of any real value (even if they retain some financial value). If that be the case why not, therefore, use our investments, while they still have some value and meaning, to help America? If we save one, we may save both.Certainly, the founding fathers thought this as they added the final line to the Declaration of Independence pledging their "fortunes" along with their "lives and sacred honor".America is in serious trouble. The signs are plentiful, whether it be terrorist bombers, exploding national debt, factions who want to rewrite the Biblical moral code ingrained in our laws and culture, or the wars raging inside each individu...

Read More

  1. Cash in on Uncommon Charitable Tax Deductions

    If you think your tax deduction for charitable contributions ends when you write a check to your church or drop off that box of clothing at the Salvation Army , thin...

  2. France May Sell Parts of State-Backed Companies

    The French government is considering selling portions of state-backed companies to help improve its finances, as the crisis in the euro zone's second-largest economy...

  3. Belgium agrees savings, asset sales to meet EU budget demands

    Belgium agreed to make 1.4 billion euros ($1.8 billion) of savings and to sell 1 billion euros of state-owned assets on Saturday, as it strives to meet EU budget tar...

  4. SMB's Must Stay Within Budget, What About Government?

    Opinion: The business community, especially small businesses, simply can’t operate and plan ahead under the constant cloud of skyrocketing deficits, last minute debt deals, and credit downgrade threats.

  5. Wake Up America

    We continue to hear that the United States' ever-rising debt is a ticking time-bomb and that one day in the near future it will explode.  We also hear that we are ro...

  6. Government Debt Stalling the Economy’s Recovery?

    Former CBO Director Douglas Holtz-Eakin on how the government’s debt impacts the economy?

  7. Markets Hit Record Highs, President’s Approval Rating Falls

    Sabrina Schaeffer of the Independent Women’s Forum on the president’s falling numbers.

  8. The President's Disconnect with Economic Reality

    The president just told everyone that he is going to continue with his same policies -- the policies that aren't working and that will make stagflation (slow economi...

  9. Bundesbank Retains Profits to Bolster Provisions

    The German central bank said the outlook for the German economy is improving, but withheld nearly EUR7 billion of its 2012 profit from the German government, claimin...

  10. GOP Budget Envisions Surplus in 10 Years

    House Republicans plan to cut more than $4.6 trillion in spending over the next decade, resulting in a $7-billion surplus in 2023, according to their 2014 budget .Th...

  11. Traders Eye 2015 Rate Hike, Ongoing QE

    A surprise pick-up in U.S. jobs growth has boosted the chances of the Federal Reserve raising interest rates sooner than had been expected, but it is likely to take ...

  12. Consequences of Sequestration Not as Dire as Predicted?

    Roll Call’s Shira Toeplitz and Independent Women’s Forum’s Hadley Heath on sequestration cuts.

  1. UK Government Starts Search for Banks to Lead Possible Royal Mail IPO

    The U.K. government will this week begin the search for banks to advise it on a possible flotation of state-run postal delivery service Royal Mail, in what would be ...

  2. Five Bearish Investment Options to Browse

    Every market has its share of bearish investors who expect bad things to happen.Fortunately, those who think stocks are ready to fall in price have some good investm...

  3. Honeywell Has Its Hands in the Honey Pot

    Justin Danhof took the floor at Honeywell International Inc.'s (HON) annual meeting in Morris Township, N.J., on Monday to ask about the company's taxpayer-funded bi...

  4. Delaying austerity is no easy way out: ECB's Asmussen

    European Central Bank Executive Board member Joerg Asmussen urged governments to push on with budget consolidation and reforms, saying there are no alternatives to t...

  5. ECB says ditching austerity would not help euro zone

    ECB policymakers rebuffed suggestions that Europe should ease up on austerity and said that while the central bank has room to cut interest rates, such a move would ...

  6. G20 Leaders: No Hard Targets on Debt Cuts

    Finance leaders of the G20 economies on Friday edged away from a long-running drive toward government austerity in rich nations, rejecting the idea of setting hard t...

  7. As global price slumps, "Abenomics" risks drive Japan gold bugs

    When he woke up to news of a collapse in gold prices, Yujiro Yamashita, 63, made his way to Tokyo's posh Ginza district to buy the precious metal for the first time ...

‹ Prev12345Next ›
Freebase CC-BY
Source: National Debt on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL