Debt

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With over 43 million Americans paying off student loans, John Oliver discusses how so many people have come to take on student loan debt, why it’s so hard to pay off, and what we can do about it, mama.

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Sky News host Rita Panahi has mocked a woman who did not understand she was racking up debt while spending money on her credit card.

The 20-year-old appeared on a podcast with Caleb Hammer where she told a story of how she discovered the difference between credit debt and credit limit.

“Me and my boyfriend, me and my friends would go out, and I would be like ‘I will pay for everybody, I got it, I will spend the money, it’s just a credit card’,” the woman said on the podcast shared to TikTok.

“So I would pay and pay and pay and I called my mum one day and wanted her to be proud of me, so I was just like, ‘Hey, I’ve got $4,000 credit on my credit card’.

“She was like ‘credit limit or credit debt?’ I was like ‘what’s debt?”

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“Budget process starts out idealistic and it ends up devolving into a turf war between members over over who can control what, and the whole system falls apart,” says Brian Riedl.

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The Treasury Department is taking “extraordinary steps” to prevent a default that could do “irreparable harm” to the economy. #DebtCeiling

Gen Z is slowly starting to realize that their hundreds of thousands of dollars of debt may not be worth their measly college degree.

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Earlier this month, Rep. Pete Sessions (R-TX) questioned Secretary of the Treasury Janet Yellen on the national debt during a House Financial Services Committee hearing.

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