Debt Analysis

How Can I Get My Tax Debt Forgiven

How to Stop IRS Debt if You Owe Back Taxes and Get Federal Tax Relief in 2021

You’re expected to pay your taxes each year. While some taxpayers receive news that they’re entitled to a refund, others find out that they owe the IRS hundreds or even thousands of dollars. Worse, many of them don’t have the cash to pay off their tax debt. If you’re facing that dilemma, you’re probably wondering, …

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Subprime Lending Drives Spending

A concern that we highlighted in yesterday’s post is that the only way the U.S. economy can generate significant consumer spending is through aggressive lending to borrowers with low credit scores. Here is more evidence supporting that view. In the chart below, we plot retail spending on appliances, furniture, and home improvement, or “home-related spending” (blue line) …

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