Business & Finance

Debt could lead U.S. into economic crisis

The Good News
9 Oct 2009
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Deficit spending and government debt are reaching a level that could culminate in another economic crisis as big as the one that hit the United States last year, Minnesota’s Republican Governor Tim Pawlenty told CNSNews.com. “One of the main things I’m very worried about is this administration and the Democratically-controlled Congress running on a pathway to bankruptcy,” Pawlenty said. “I mean, we have a reckless amount of deficit and debt in this country. The Obama administration and this Congress are exponentially growing that.” The $787 billion stimulus package pushed by the Obama administration and congressional Democrats was supposed to salvage […]

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Ways To Teach Children About Money

The Good News
29 Aug 2009
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Parents are the best example our children will have of how to make money, manage it wisely and use it to fulfill God’s purposes. They watch us very closely and more often will “do as we do” rather than “do as we say.” We should openly discuss the family finances in their presence. We must acknowledge God’s ownership of everything we have, from salary to possessions to talents and gifts. Our children should see us tithing and giving as well as praying for God’s provision for the family’s needs. And we must not forget to praise God when prayers are […]

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Persevering through the storm: Managing debt in a tough economy

Matt Weissman
6 Aug 2009
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Since the end of 2008, Americans have become familiar with the term “bailout.” Banks and financial institutions dropped one after another, the automotive industry is in shambles, and all we can do is watch in total dismay as the financial stability of our country continues to spiral downward. So why has this happened? Greed? Yes. Thirst for power? Certainly. Corruption? Obviously. All have played their part in the problem, but the main issue is debt. We have bought into the notion that debt is necessary in our society and that we need it or else we cannot build up our […]

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How do I prepare my children for the financial responsibilities of COLLEGE?

Rob West
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It’s a time-honored tradition that is a dream come true – and a potential nightmare. How do parents enthusiastically prepare their children for college and their first taste of independence, while also warning them about the pitfalls that can lead to financial disaster? Students who get an early handle on their income and spending can avoid the stress of being unable to pay off bills and having to work more and more hours to meet financial obligations. While they may have what seems like a large amount of money from student loans, financial aid, hard-earned savings and financial support from […]

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