I'm about to be a graduate, with around $12,000 in student loans, $3,000 in credit card debt (due to my beat-up car and medical expenses), and about to buy a used car adding more payments to yet another card.
Every morning I wake up now, the entire financial world is sinking. I don't know whether to be scared, or to slip into a self induced comma and wake up in the year 2038 when Disney has finally taken over and at least every ride to work is an exciting and magical adventure.
To my knowledge, this whole thing is the equivalent of me handing another person an I.O.U.-- I don't have money, but I'm lending it as well. Then to hear that the Feds are on their way to giving yet another I.O.U. to the industry...[read more]