Moody's, the global credit rating scam agency, dropped Ireland's government bond rating five notches today from "Aa2" to "Baa1," which isn't good (at all)! Greece and Spain could soon feel the Moody's hammer, too. Sucks to be them!

The president's creepy debt-reduction commission failed to win enough support for its final report, so now it won't face a vote in Congress. Oh well. Fuck the debt! Spend more time on that 10% unemployment rate we've had for years.

Since yesterday, you people have donated more than $1,800 to debt-besieged college grad Kelli Space.

The average 2009 college grad had $24,000 in student loan debt. But in today's debt-wracked world, some have it much worse. Meet one of the outliers: 23 years old, more than $200,000 in student loans, begging for help.

Many newly elected Republican members of Congress explicitly refused to raise the federal debt ceiling during their campaigns. Problem is, the federal debt ceiling kinda needs to be raised, soon! Can John Boehner get these kids to do it?

President Obama's strange deficit commission has released a draft of its recommendations a couple of weeks before deadline! It mostly suggests cutting future entitlement spending and reducing or eliminating various tax breaks. The reaction from lawmakers so far? Very noncommittal.

In the future, credit cards will be funner: they'll have buttons and batteries and "tiny lights" and all the bloopity bleep-bloop that you, the consumers, love. It will be that much more enjoyable to pay off your crushing college debt.

"For-profit" colleges have come under fire for saddling students with big debts in exchange for dim job prospects. But what about "real" colleges? They're pushing huge debts on students, too. We crunched the numbers to find the worst (NYU).

As we all know, Giudice is not doing too well in the money department. Watch as the Real Housewives of New Jersey star clumsily tries to explain how she and husband Joe racked up such an insane amount of debt.

83-year-old televangelist Robert H. Schuller has handed the reins of Southern California's Crystal Cathedral mega church to his daughter, Sheila. She will inherit a church with a $55 million budget deficit, and $2 million worth of lawsuits. Glory be!

Jennifer Wilbanks—who in 2005 ditched her wedding, blamed an imaginary Hispanic rapist for her cold feet, and unsuccessfully tried to sue her ex for talking about her—is unemployed and knee-deep in credit card debt.

Since the singer's death last June, his estate has generated $200 million and paid all of his debt except for a $300 million loan due by year's end. Even dead and destitute, Michael Jackson still makes way more than you.

A Texas debt collection company had a unique style for reminder voicemails to one black customer. "This is your motherfucking wake-up call you little lazy ass bitch. Get your motherfucking nigger ass up and go pick some motherfucking cotton fields."

If the befreckled freeway accident is, in fact, in such serious debt, we wonder what she possibly could have spent all the money on. Let's speculate, shall we?

Deadbeat celebrity photographer Annie Leibovitz has a new debt collector to hide from: Art Capital Group, the artsharking operation to which Leibovitz had mortgaged her homes and photographs, has sold the debt to Colony Capital.

American supremacy in lavishly, opulently, spending more than you earn has been challenged. Four European countries have a more ridiculous ratio between household debt and disposable income. Please, people, go out and buy toaster ovens and Humvees.

Fill-in-the-blank: "Four months ago, it appeared all but certain that the White House and Democrats in Congress would succeed in ___." If you guessed "cutting off private student loan sharks from the federal trough," you lose. Sallie Mae wins!

After the dismal opening of atrocious musical Nine, the Weinstein-hating community is on tenterhooks awaiting at last the loathsome duo's spectacular implosion. Alas, it appears that the Weinsteins will dwindle away with a whimper, not disappear with a satisfying bang.

Back in September, Annie Leibovitz "settled" her debilitating debt issues with high-class pawnbroker Art Capital Group. How'd she pull if off? By borrowing $6 million more from them.

According to newly released campaign data, the Huck owes the Chuck $23,570 for travel expenses from Huckabee's failed 2008 primary bid, and CNN and ABC News in turn both owe Huckabee a total of $3,700.