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Single-asset real estate bankruptcy and the federal income tax consequences of debt restructuring are also addressed.
If you act boldly, you will leave office having kept your promise to spare today's children the crushing consequences of debt.
Thus the following measures, though far from exclusive, are needed now: Make economic forecasts realistic Economic forecasts should be consistent and realistic, with their point of departure being the consequences of debt deflation.
What do you see as the most direct, and dangerous, consequences of debt?
The problem is that, for many consumers, the consequences of debt never seem important until it's too late.
When I think about the consequences of debt, I think about things slowing down and grinding to a halt.
Similar(52)
A subtler long-reaching consequence of debt is the effect it has on younger generations.
Student advocates and some high-ranking government officials reckon that the Education Department may be struggling to even understand borrowers' student debt loads and the potential negative consequences of increasing debt burdens.
But who is the public more likely to blame for the consequences of the debt limit not being raised in time -- the side that took the debt limit hostage, or the side that refused to pay the ransom?
Dubbed "the devil's debt", critics say they are often sold by untrained staff who do not explain the consequences of unpaid debt.
In particular, what are the welfare consequences of government debt reductions?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com