Fiscal Death Spiral – Council on Foreign Relations

Posted by Matt in February 3rd, 2010 | no comment

Published in Economy, Budget News, Budget Proposal, Bush Tax Cuts, Catastrophe, Congress, Council On Foreign Relations, Death Spiral, Federal Debt, Interest Payments, Next Decade, Treasury, United States, Windfall

To understand the fiscal catastrophe that awaits the United States, consider a single number from Monday’s budget proposal by President Obama: $700 billion. That is the revenue windfall to the Treasury over the next decade if Congress allows the Bush tax cuts for the wealthy to expire, as Obama wants. Yet by 2020 that entire [...]

Growing federal debt is the biggest risk to the economy

Posted by Matt in October 14th, 2009 | no comment

Published in Economy, Boom And Bust, Borrowing Money, Driven, Economic Stagnation, Economy, Federal Budget, Federal Debt, Generations, High Finance, Joke, National Debt, Nuts, Systemic Risk, Wall Street, Washington Politicians, Weakening Dollar

Here’s the joke. As boom- and bust-prone as high finance always has been and remains, the greatest systemic risk to our economy is not Wall Street. It’s the growing federal debt (and weakening dollar) being enacted by those Washington politicians — the ones who want to protect us from Wall Street.
It soon may be not [...]

Amid the global economic crisis, China rises

Posted by Matt in October 7th, 2009 | no comment

Published in China, Associated Press, Australian Iron, British Auto, Central Asia, Chinese Money, Economic Growth, Factories, Federal Debt, Financial Crisis, Financing Development, Global Economic Crisis, Global Financial Crisis, Iron Mines, Next Decade, Oil Fields, Oil Prices, Stimulus, Trillion, Trillions, Venezuela, Yuan

The financial crisis set back U.S. growth by years and will add trillions to the federal debt over the next decade. But China avoided the worst of the crisis. Its banks are healthy and, with the help of a 4 trillion yuan ($586 billion) stimulus, this year’s economic growth is on track to top 8 [...]

The growing debt bomb – Washington Times

Posted by Matt in September 22nd, 2009 | no comment

Published in Economy, Financial, 12 Months, Bomb, Congressional Budget Office, Countdown, Eight Months, Federal Debt, Office Estimates, Trillion, U S Government Bonds, Washington Times

Facing a one- to three-year countdown
Assume you had put much of your savings into U.S. government bonds and then you learned the following. In just the last eight months, the Congressional Budget Office estimates of the amount of additional federal debt to be held by the public grew by an astounding $4 trillion for the [...]

The next great crisis: America’s debt

Posted by Matt in June 9th, 2009 | no comment

Published in Economy, U.S., Barack Obama, Collapse, Combatants, Common Names, Debt Crisis, Decade, Economy, Federal Debt, First Names, Nobel Laureate In Economics, Passion, Path, Paul Krugman, Paul Ryan, Political Poles, Pundit, Rapid Increase, Republican Congressman, Stimulus

At this rate, your share of the load will be $155,000 in a decade. How chronic deficits are putting the country on a path to fiscal collapse.
Normally Paul Krugman, the liberal pundit and Nobel laureate in economics, and Paul Ryan, a conservative Republican congressman from Wisconsin, share little in common except their first names and [...]

Exploding debt threatens America

Posted by Matt in May 27th, 2009 | no comment

Published in Economy, Financial, U.S., 10 Years, Barack Obama, Budget Plan, Congressional Budget Office, Debt, Federal Debt, Gdp, Gross Domestic Product, Office Projects

Under President Barack Obama’s budget plan, the federal debt is exploding. To be precise, it is rising – and will continue to rise – much faster than gross domestic product, a measure of America’s ability to service it. The federal debt was equivalent to 41 per cent of GDP at the end of 2008; the [...]