Post Tagged with: "debt crisis"

October 11, 2013 07:25

What You Should Know About the Debt Ceiling

Treasury Secretary Jack Lew warned that the debt ceiling must be raised by October 17th, but do you know what happens after that? Most people don’t. That’s Bankrupting America put together a Debt Ceiling Briefing Book to answer questions surrounding the current fiscal debate.

October 9, 2013 08:08

Obama’s Other Face On Debt

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. .. Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” — Barack Obama – More …

July 26, 2013 08:16

SSA Losing Billions Every Year With Renewal of Bonds –

The loss of income from the redemptions comes to a cool $3.3Bn a year. That is chump change at SSA – but it will happen again next June when another chunk of high coupon paper rolls off the books. – Bruce Krasting

March 13, 2013 06:06

Focus on Runaway Spending and Debt, not Endless Campaigns

“The budget blueprint [Obama] sent us last year was so roundly ridiculed for its fiscal gimmickry and its massive tax hikes that, when it came to a vote in the Senate, his own party joined Republicans in voting it down 99 to 0.

January 2, 2013 10:01

Five Big Challenges In 2013 That Dwarf The Fiscal Cliff

This was entirely a political crisis — not an economic or even fiscal one. – IBD

November 20, 2012 06:54

“Entirely Self-Made” Debt Crisis; I Love My Family But …

The average 7th grader likely understands that he cannot spend more money than he has for years on end. The average economist does not.

August 24, 2012 07:09

Currency Crisis is Coming Suggest Trends in Interest Rates on National Debt

Should interest rates rise to the long-term average, interest on the national debt would more than double from the 2011 figure of $454 billion dollars.

July 3, 2012 05:00

China, Iran Top Warning Signs of a Global End Game

Economic downshift in China has generated a long rippling effect on many countries and corporations around the world. .. CBO report estimates that the U.S. public debt could reach 200% GDP in 25 years if current tax and spending policies are extended.

May 18, 2012 06:26

Rubio: “Do people back home fully understand”

It’s a crisis that Geithner doesn’t think there is a debt crisis. “Do people back home fully understand what I just explained? That the Democrats in Washington that control the senate have not offered a budget in three and a half years, almost four years now. This government has spent close to $10 TRILLION dollars since the the budget was last passed by them”

May 3, 2012 08:26

Oil shock, Euro crash, U.S. fiscal cliff paint dark future says Dr. Doom

Nouriel Roubini who is famous for predicting the financial collapse which earned him the nickname “Dr. Doom” cited a Middle East conflagration oil crisis, “austerity fatigue” and “bailout fatigue” in Europe, and the “fiscal cliff” faced by the U.S. in a doom and gloom scenario.