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Chart: Half of Public Debt Owned by Foreign Entities
Posted by Randy | September 01, 2010

This chart shows an alarming truth – nearly half of our public debt is owned by foreign nations, like China.

 

(chart from gop.gov)

I believe this is wrong. That’s why I have not only voted against all of the bailouts and stimulus packages that have added to our skyrocketing debt, but also cosponsored the Cap the DEBT Act. The premise of this commonsense bill is a simple – require a two-thirds vote by the House and the Senate to raise the debt ceiling. You can read more about it in this post.
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Your Credit Rights
Posted by Randy | July 08, 2010

Credit is valuable. Especially now as we’re in the midst of economic uncertainty, it is important to know how much credit you have and what your rights are as a consumer. Your credit can impact where you live and even where you work, as employers may check credit reports. Under the Fair Credit Reporting Act, you have certain rights when it comes to your credit:

- You must be told if information in your file has been used against you.

- You have the right to know what is in your file.

- You have the right to ask for a credit score.

- You have the right to dispute incomplete or inaccurate information.

- Consumer reporting agencies must correct or delete inaccurate, incomplete, or

unverifiable information.

- Consumer reporting agencies may not report outdated negative information.

- You must give your consent for reports to be provided to employers.

- You may limit “prescreened” offers of credit and insurance you get based on information in your credit report.

- You may seek damages from violators.

For more information on each of these rights and additional rights under this Act, click here.

You can request a free annual copy of your credit report from www.annualcreditreport.com, the only authorized source under federal law.

 
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