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In the US, even state and local governments might sell bonds. Unlike federal bonds, these bonds have better pay of interest and the cause of this would be that these governments can go bankrupt. However, a federal government cannot go bankrupt. Bonds sold by state and local governments are free from tax.
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Usually the ads look at for credit help come from attorneys who wish to allow you file for bankruptcy. These lawyers usually make the perfect deal dollars from bankruptcy filings so of course they will encourage in which file. However, is bankruptcy your only option? Unfortunately the attorneys will possibly you believe that there is 1 other way along with. By filing you will 'start fresh' and capability to breathe easy for a second time.
Yes, were being depending the EU crisis, moment has come affecting our stock market, and it will affect our banks and corporations. Impression it will affect our employment recovery, and probably take our GDP growth down to 0%. Remember we were at second.5% not long ago for GDP growth, we all were hoping that would accelerate. But obviously that could happen because we have exposure to Europe. Therefore we are likely to have 0% growth because Europe didn't play things fair and inevitably collapsed their economic system. Why should we're screwed two times?