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	<title>SettlementMax - Financial Freedom&#187; Runaway spending continues as Congress raises debt ceiling to almost $14 trillion &#8211; SettlementMax &#8211; Financial Freedom</title>
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		<title>Runaway spending continues as Congress raises debt ceiling to almost $14 trillion</title>
		<link>http://settlementmax.com/blog/runaway-spending-continues-congress-raises-debt-ceiling-14-trillion/</link>
		<comments>http://settlementmax.com/blog/runaway-spending-continues-congress-raises-debt-ceiling-14-trillion/#comments</comments>
		<pubDate>Mon, 14 Dec 2009 21:13:26 +0000</pubDate>
		<dc:creator>Power User</dc:creator>
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		<description><![CDATA[Despite a national debt that already exceeds $12 trillion, Barack Obama is poised to sign a bill currently working its way through Congress that would raise the debt ceilinganother $1.8 trillion. This would bring the new debt ceiling to almost $14 trillion.

In addition to increasing the ceiling for national debt, Congress is also in the process of passing an omnibus spending bill that will cost taxpayers $447 billion. Included in this omnibus spending bill are over 5,000 earmarks totaling close to $4 billion.]]></description>
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		<title>How Americans Got into a Credit-Card Mess</title>
		<link>http://settlementmax.com/blog/americans-credit-card-mess/</link>
		<comments>http://settlementmax.com/blog/americans-credit-card-mess/#comments</comments>
		<pubDate>Mon, 30 Nov 2009 21:55:25 +0000</pubDate>
		<dc:creator>Power User</dc:creator>
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		<guid isPermaLink="false">http://settlementmax.com/blog/?p=559</guid>
		<description><![CDATA[Americans have a long, sordid history with borrowed money. In Collateral Damaged: The Marketing of Consumer Debt to America, Charles Geisst, a professor of finance at Manhattan College, takes us through the centuries to explain how we wound up at our most recent — and spectacular — credit bubble. TIME's Barbara Kiviat spoke with him

You write that one of the major myths about American society is that we 
]]></description>
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		<title>U.S. personal savings rate has dropped nearly 8.5% in the early 1980’s to less than zero today</title>
		<link>http://settlementmax.com/blog/u-s-personal-savings-rate-dropped-8-5-early-1980%e2%80%99s-today/</link>
		<comments>http://settlementmax.com/blog/u-s-personal-savings-rate-dropped-8-5-early-1980%e2%80%99s-today/#comments</comments>
		<pubDate>Tue, 17 Nov 2009 17:19:59 +0000</pubDate>
		<dc:creator>Power User</dc:creator>
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		<guid isPermaLink="false">http://settlementmax.com/blog/?p=444</guid>
		<description><![CDATA[U.S. personal savings rate has dropped nearly 8.5% in the early 1980’s to less than zero today ]]></description>
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		<title>Almost 1 in every 100 households in the US will claim bankruptcy</title>
		<link>http://settlementmax.com/blog/1-100-households-us-claim-bankruptcy/</link>
		<comments>http://settlementmax.com/blog/1-100-households-us-claim-bankruptcy/#comments</comments>
		<pubDate>Tue, 17 Nov 2009 16:28:41 +0000</pubDate>
		<dc:creator>Power User</dc:creator>
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		<guid isPermaLink="false">http://settlementmax.com/blog/?p=391</guid>
		<description><![CDATA[Almost 1 in every 100 households in the US will claim bankruptcy. ]]></description>
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		<title>The average US household pays $950 in interest each year</title>
		<link>http://settlementmax.com/blog/average-us-household-pays-950-interest-each-year/</link>
		<comments>http://settlementmax.com/blog/average-us-household-pays-950-interest-each-year/#comments</comments>
		<pubDate>Tue, 17 Nov 2009 16:23:06 +0000</pubDate>
		<dc:creator>Power User</dc:creator>
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		<description><![CDATA[The average US household pays $950 in interest each year. ]]></description>
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		<title>Over 40% of US families spend more than they earn</title>
		<link>http://settlementmax.com/blog/40-us-families-spend-more-earn/</link>
		<comments>http://settlementmax.com/blog/40-us-families-spend-more-earn/#comments</comments>
		<pubDate>Tue, 17 Nov 2009 16:15:54 +0000</pubDate>
		<dc:creator>Power User</dc:creator>
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		<guid isPermaLink="false">http://settlementmax.com/blog/?p=376</guid>
		<description><![CDATA[Over 40% of US families spend more than they earn. ]]></description>
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		<title>$12 trillion and counting &#8211; Real Time U.S. Debt Clock</title>
		<link>http://settlementmax.com/blog/u-s-debt-clock/</link>
		<comments>http://settlementmax.com/blog/u-s-debt-clock/#comments</comments>
		<pubDate>Thu, 12 Nov 2009 20:15:37 +0000</pubDate>
		<dc:creator>Power User</dc:creator>
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		<description><![CDATA[The U.S. Debt Clock in real time.]]></description>
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