If student loan payments consume more than 15 percent of your income, you will struggle to make the payments and may even default on your debt.
We listen to Speaker Boehner tell Pete Peterson's fiscal summit that "it's irresponsible to default on your debt but even more irresponsible to raise the debt ceiling without reducing the debt and reforming the debt process".
It's even harder, though, when you're already defaulting on your old debt, as Venezuela is.
Instead of spending recklessly, reigniting inflation and perhaps defaulting on debt as Argentina has done, Lula clamped down on inflation and saved extra money to pay the debt.
Throughout this ordeal, there's always been a kind of sadistic choice if you don't like it, you can always quit the Euro, default on your debts, throw yourself into that empty chasm, and see what happens next.
Throughout this ordeal, there's always been a kind of sadistic choice – if you don't like it, you can always quit the Euro, default on your debts, throw yourself into that empty chasm, and see what happens next.
You may also want to use a retirement plan loan to refinance high interest debt (like credit cards or payday loans) or to avoid defaulting on debt payments and ruining your credit.
