Category: US Debt
The analysis published under this category are as follows.
Saturday, September 26, 2009
United States Government Picking Up the Borrowing Slack / Economics / US Debt
By: Mike_Shedlock
With consumers and businesses not only cutting back but actually reducing debt, A Rich Uncle Is Picking Up the Borrowing Slack.
Monday, September 21, 2009
America Digs Deeper Into Debt / Economics / US Debt
By: Michael_Pento
It’s amazing but true. Even after all we’ve been through and all we have supposedly learned about the danger of being over leveraged and borrowing more than you can pay back, we are still piling on debt.
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Sunday, September 20, 2009
American's Need More Debt? / Economics / US Debt
By: Mike_Shedlock
Numerous people sent me a link to a preposterous statement by fund manager Ken Fisher regarding debt. Please consider Too Much Debt? Please. We Need MORE Debt, Says Ken Fisher.
Friday, September 18, 2009
US DEBT Out Of Control! / Economics / US Debt
By: Andrew_Abraham
It is not my imagination. The total US debt is sky rocketing. People are entitled to their opinions…but not entitled to the facts.
The US Govt debt this year is spiraling out of control. Estimates place the increase of debt by at least $2 trillion dollars. The question is, can this debt reach 100% of GDP at around $13 trillion. Putting things into context…before the Great Depression in 1929 the US Govt debt was only 15% of GDP! To make matters even worse, the US in 1929 was a creditor nation. Today the US is a debtor nation. Comparing the current situation to the situation prior to the Great Depression total US debt (individual, business,local, state and federal) was approx 170% of GDP.
Friday, September 18, 2009
Defeat the Debt- the TV ad and the American Right / Politics / US Debt
By: Michael_T_Bucci
A TV ad that Mr Benjamin A Shobert describes in disturbing detail in Asia Times this week is part of an overall campaign that includes this national television commercial, which is currently airing on Fox News, CNN, MSNBC, and CNBC. Additionally, full-page ads are running in The New York Times, USA Today, The Washington Times, The Washington Examiner, The San Francisco Chronicle, and The Las Vegas Review-Journal. Mr Shobert rightly deduces that for the US, China is the financial bogeyman.
Friday, September 18, 2009
How to Pay Off the National Debt / Politics / US Debt
By: Nikki_Alexander
It’s all the rage these days to sell public assets to pay off government debt. We mustn’t default, after all. We just hate to see our national parks, public roads, energy grids, water, hospitals and schools being sold to robber barons. Do we have anything to sell that the majority of Americans wouldn’t mind parting with?
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Monday, September 14, 2009
U.S. and China, The Alarming Tale of Two Economies / Economics / US Debt
By: Claus_Vogt
The contrast between the U.S. and China has never been more disturbing.
Here in the U.S., our government is sinking into debt at the fastest pace in history. The federal deficit has nearly quadrupled in a year. New spending programs now before Congress seem to guarantee even higher deficits and debt ahead.
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Tuesday, September 08, 2009
The American Dream Built on Debt, Living in Beverly Hills / Politics / US Debt
By: James_Quinn
For the last three decades millions of Americans have been living in Beverly Hills. How can this be? Only 35,000 people reside in Beverly Hills, California. Millions have acted like they live in Beverly Hills, where the median household income is $125,000. The median household income in the United States is $50,000. There are 116 million households in the United States. Only 12 million households have income of $125,000 or more. There are 60 million households making less than $50,000. Read full article... Read full article...
Saturday, September 05, 2009
The Government's Cooked Books / Politics / US Debt
By: Jacob_Shreffler
Should the United States ever adopt the same accounting standards for itself that it foists upon private enterprise, its financial reports would leave the majority of Americans in a state of shock. Americans would have tremendous difficulty recovering from the magnitude of misrepresentation that is going on now. Accounting isn't just a game either; there are material, legal, and ethical consequences when it's done wrong.
Wednesday, August 26, 2009
Economic Armageddon, Here We Come / Economics / US Debt
By: LewRockwell
Marty Nemko writes: Obama administration admitted today that the federal debt will, over the next decade, grow wildly larger than it had previously said – so much for a recovery. Now the estimate is $9 trillion!
And that doesn't count the $1.0 to $1.6 trillion Congress is contemplating spending on ObamaCare.
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Saturday, August 15, 2009
U.S. Debt as a Percentage of GDP Means No Growth for 50 Years / Interest-Rates / US Debt
By: Andy_Sutton
Apparently, a bazooka wasn’t enough. Last summer, that is what then Secy. of the Treasury Henry Paulson asked for when he made his case for sweeping financial powers. Instead, Congress gave him a nuke, and apparently that wasn’t enough either. Making the jump from completely absurd to the absolutely ridiculous, Timothy Geithner became the latest in a long line of Treasury Chiefs to run to Congress to ask for an increase in the nation’s debt ceiling.
Tuesday, August 11, 2009
US Consumer Credit Shows Steepest Contraction in 5 Decades / Economics / US Debt
By: Mike_Shedlock
Please consider Monday morning's Breakfast With Dave regarding an unprecedented drop in consumer credit.
Sunday, August 09, 2009
The Market Impact of Never Ending Waves of Debt / Stock-Markets / US Debt
By: Money_and_Markets
Mike Larson writes: I don’t know if you’re a beach person. But I certainly am. My two girls and I love the sand, the sea, and the sun, and we’re thankful we get to enjoy them all the time here in South Florida.
Friday, August 07, 2009
U.S. Economy, Confidence Games and Ponzi Schemes / Economics / US Debt
By: Tim_Iacono
After hearing a lot of talk in recent days about hopeful signs for the U.S. economy and how it is vital that consumers regain their confidence in order for a recovery to truly take hold, it struck me once again that the U.S. economy, more so than most other economies around the world, is really just a "confidence game".
Tuesday, August 04, 2009
Is America Broke Part II, The Debt God / Economics / US Debt
By: Douglas_V._Gnazzo
"Because of the fractional reserve system, banks, as a
whole, can expand our money supply several times, by making
loans and investments." [1]
Abstract
The following paper is the second installment of the three part series: Is America Broke. The first article discussed the main issues of the financial crisis. It was suggested that the root cause of the systemic failure is the monetary system itself: paper fiat debt-money – Federal Reserve Notes or dollar bills.
Monday, August 03, 2009
U.S. Monetary Inflation as Budget Deficit $2 Trillion Higher than a Year Ago! / Economics / US Debt
By: Ned_W_Schmidt
According to the diligent statistical elves of Barron’s Market Lab, the amount of U.S. Treasury Gross Public Debt outstanding is $11.611 trillion. A year ago, according to the same elite statisticians, that value was $9.533 trillion. In one year, the true deficit of the U.S. government was therefore $2.0178 trillion. That, my fellow Gold bugs, is a true accomplishment! How does one spend Two Trillion Dollars more than one receives in a single year?
Thursday, July 30, 2009
The Decline And Fall Of The American Empire / Politics / US Debt
By: James_Quinn
"The decline of Rome was the natural and inevitable effect of immoderate greatness. Prosperity ripened the principle of decay; the causes of destruction multiplied with the extent of conquest; and as soon as time or accident had removed the artificial supports, the stupendous fabric yielded to the pressure of its own weight." - Edward Gibbon – The Decline and Fall of the Roman Empire
Tuesday, July 28, 2009
Why the U.S. is Financing its Debt at the Short End of the Yield Curve / Interest-Rates / US Debt
By: Michael_Pento
The Greatest Subprime A.R.M. of All is our Debt - It troubles me greatly to know that while the 30 year Treasury bond is yielding a mere 4.6%, we are not locking in that low rate for our newly issued debt. Any thinking American knows it would be best to take advantage of that ridiculously low yield and finance the Treasury’s borrowing at the long end of the curve.
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Thursday, July 23, 2009
How California Could Turn its Debt IOUs into Dollars / Interest-Rates / US Debt
By: Global_Research
Ellen Brown writes: California has over $17 billion on deposit in banks that have refused to honor its IOUs, forcing legislators to accept crippling budget cuts. These austerity measures are unnecessary. If the state were to deposit its money in its own state-owned bank, it could have enough credit to solve its budget crisis with funds to spare.
Wednesday, July 22, 2009
The Coming Great Government Debt Default / Economics / US Debt
By: LewRockwell
Gary North writes: Have you ever heard this argument? "The national debt is too high. We are laying an enormous burden onto our children."
It is misleading. In what way? Because our children, like Atlas in Ayn Rand's novel, will shrug. They will send Congress a message: "No more."
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