Category: US Debt
The analysis published under this category are as follows.
Friday, September 16, 2011
The Real Solution to U.S. Debt Crisis / Politics / US Debt
By: MISES
David D'Amato writes: In his famously doleful, dystopian novel, Nineteen Eighty-Four, George Orwell described a world enthralled to what was functionally a "permanent war economy," an "economy existing by and for continuous warfare."
Today, on the heels of a debt ceiling increase calculated to forestall a federal-government default, we both are witnessing and are yoked to the many indispositions of what could be characterized as a permanent debt economy.
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Wednesday, September 14, 2011
Universal Personal Bankruptcy to Save America's Economy? / Economics / US Debt
By: Gary_North
I have just read the most monumentally stupid article in the history of financial journalism. Nothing else I have ever read comes anywhere near it. It is not just stupid. It is magnificently stupid. It is something so incomparably stupid that Paul Krugman could only dream of writing something like it.
It was written by Brett Arends.
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Thursday, September 08, 2011
The Economic and Financial System Is Coming Unglued, Living in a Degraded Democracy / Economics / US Debt
By: David_Galland
Our video host Stefan Molyneux speaks with Casey Research Managing Director David Galland about the debt situation in the US and whether the federal government can do anything about it… assuming they’d even want to.
Friday, August 26, 2011
Why Congress Blocking the Debt Ceiling Increase Will Launch an Economic Boom / Politics / US Debt
By: Submissions
Pieter Schoonheim Samara writes: The general population hasn’t been taught the economics of the private sector free enterprise Capitalism as it relates to Freedom (audio link) in many decades, nor that private sector capitalism is the opposite side of the same coin of Liberty upon which the Constitution is based.
Friday, August 26, 2011
U.S. Household Debt Deleveraging Metrics Raise Worrisome Questions / Economics / US Debt
By: Asha_Bangalore
Household debt outstanding hit a peak of $13.9 trillion in the first quarter of 2008. This staggering amount of household debt was close to 100% of GDP of the nation (see Chart 1). Home mortgages and consumer credit make up household debt, with home mortgages accounting for roughly 75% of household debt.
Sunday, August 21, 2011
The U.S. Budget Deficit and Debt Crisis in One Picture / Politics / US Debt
By: Jesse
I like this graphic for several reasons, but especially because it puts everything in proportion with regard to the US' current obligations.
One thing I would like to highlight is the large surplus funds in the Social Security Trust and others. These were 'invested' in a special type of intra-governmental Treasury note.
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Monday, August 15, 2011
U.S. Debt Rating Downgrade, S&P States the Obvious / Politics / US Debt
By: Dr_Ron_Paul
Politicians did not get much time to pat themselves on the back for supposedly rescuing the economy with the debt limit deal last week. The ink was barely dry when Standard & Poor's downgraded the US debt ratings anyway, roiling world financial markets. Anyone who has taken an honest look at the government's fiscal situation, taken into account how Washington works and the direction it is going would have a very difficult time arguing with S&P's decision, although a strong case can be made that this was too incremental a downgrade and that it took far too long for S&P to admit the obvious.
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Sunday, August 14, 2011
U.S. Debt Classification Game is Over / Politics / US Debt
By: Fred_Sheehan
Standard & Poor's downgrade of the United States Treasury Department is a harbinger of changing times. The institutional mind has been trained to operate within the framework of the Capital Asset Pricing Model (CAPM). The CAPM is a formula, designed by professors, that assigns assets to distinct and simple categories. It filled a need when the investment management industry drew in the masses. Not, in this case, the mass of investors, but the mass of so-called investment professionals, that include consultants to pension plans, endowments, and foundations. Most of the well-compensated consultants have little understanding of investing, so substitute vocabulary for thought. The same is true of the professors who hand each other Nobel Prizes and collect seven-figure consulting fees for pontificating.
Saturday, August 13, 2011
Wall Street Bailout: Too Big To Collect? / Interest-Rates / US Debt
By: EconMatters
In light of the recent S&P downgrade of the U.S. sovereign credit rating, the nation suddenly looks more dire financially than before the downgrade ( (at least psychologically, as the country still has the ability to borrow at its pre-downgrade low interest rates.) So it would make tracking down Wall Street bailout money still outstanding a good start to reclaim some of the lost treasure.
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Saturday, August 13, 2011
U.S. Debt Crisis Built on Kindness of Strangers and a Broken Promise / Politics / US Debt
By: Richard_Mills
The public debt is the money borrowed by the US federal government. The government borrows the money through the issue of securities by the Treasury and other federal government agencies.
Thursday, August 11, 2011
Analysis of Financial Terrorism in America, Economic Elite Make Off With $46 Trillion / Politics / US Debt
By: David_DeGraw
Abstract: Welcome to World War III
Despite increasing personal financial hardship, most Americans remain unaware of the economic world war currently unfolding. An all-pervasive corporate and government propaganda campaign has effectively obscured this blatant reality. After extensive analysis, it is evident that World War III is a war between the richest one-tenth of one percent of the global population and 99.9 percent of humanity. Or, as I have called it, The Economic Elite Vs. The People [18]. This war has been a one-sided attack thus far. However, as we have seen throughout the world in recent months, the people are beginning to fight back. The following report is a statistical analysis of the systemic economic attacks against the American people.
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Thursday, August 11, 2011
Why a U.S. Debt Default Will Be a Good Thing / Interest-Rates / US Debt
By: Money_Morning
Martin Hutchinson writes:
Now that Standard & Poor's has finally slashed its U.S. credit rating, it's more apparent than ever that a U.S. default is imminent.
So if you're at all panicked by S&P's decision to downgrade the country's top-tier credit rating - and the resultant freefall in U.S. stock prices - brace yourself: It's going to get a lot worse before it gets better.
But make no mistake, it will get better.
Wednesday, August 10, 2011
Bankrupt Los Angeles, Harbinger for America / Interest-Rates / US Debt
By: Douglas_French
In a piece for the Wall Street Journal, Joel Kotkin tells of the demise of Los Angeles. No, you won't see Snake Plissken or Rick Deckard racing through the City of Angels just yet. But the city's political machine is doing all it can "to leave behind a dense, government-dominated, bankrupt, dysfunctional, Athens by the Pacific," explains Kotkin.
Tuesday, August 09, 2011
U.S. Dollar Debt Crisis, Vested Interests Bad Mouth Gold / Stock-Markets / US Debt
By: James_Quinn
"Believe me, the next step is a currency crisis because there will be a rejection of the dollar, the rejection of the dollar is a big, big event, and then your personal liberties are going to be severely threatened." - Ron Paul
Monday, August 08, 2011
U.S. Debt Downgrade Drama / Interest-Rates / US Debt
By: George_Maniere
Well we’ve done it. It’s official. The partisan bickering in Congress has managed to snatch defeat from the mouth of victory. I have written that I find it incredibly ironical that if S&P had done their job properly in the years of 2000 – 2007 we would not find ourselves in this economic morass. When the banks were selling these toilet paper mortgages, toxic assets and bundling them together as CDO’s who was stamping them “AAA”? S&P. S&P is a culpable for the collapse of the economic system as any of the greedy bankers. In my opinion they are more to blame. It was their job to make sure that this kind of greed and arrogance would not be tolerated. Instead they were willing co-conspirators in this fraud that was perpetrated on the ill educated middle class. Read full article... Read full article...
Sunday, August 07, 2011
U.S. Yellow Fever Economy, Problem of Massive Debt / Economics / US Debt
By: Gary_North
Financial columnists of the sky-is-sagging perspective have searched for an accurate metaphor to describe the current economy. We have all failed.
"A slow-motion train wreck" doesn't work, because train wrecks as bad as what we are facing are high-speed.
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Sunday, August 07, 2011
U.S. Debt downgrade doesn't mean what you think / Interest-Rates / US Debt
By: Submissions
Sam Houston writes: The U.S. Treasury borrows money by issuing bonds. Because it has a massive spending problem and can't live within its means it runs a perpetual and ever expanding deficit. The deficit is financed by issuing more bonds. This process is currently going parabolic as the U.S. debt load is expanding at an alarming rate. See the chart below.
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Friday, August 05, 2011
Washington Debt Compromise Spells Death Knell for U.S. Economy / Politics / US Debt
By: Casey_Research
Vedran Vuk, Senior Analyst, Casey Research writes: With a last-minute debt deal reached, I’m reminded of two holy words in Washington: “compromise” and “bipartisanship.” It’s amazing that the political elite have so twisted the English language as to lend virtue to these terms. In Washington, these words hold intrinsic value… similar to how “truth” and “honesty” do outside D.C. Unfortunately for the American public, Washington compromises have been and will continue to be the death knell of the U.S. economy – and particularly the free market.
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Friday, August 05, 2011
U.S. Debt: Has its Past Become its Future? / Interest-Rates / US Debt
By: Casey_Research
Frank Trotter, President, EverBank Direct writes: Friends who know that I speak frequently about global economics have been calling to see what I think about the smackdown arguments over spending in Washington. I have surprised them all by saying that it’s really an empty record. Well, I suppose there is some kind of odd entertainment factor in the recent public debates about the U.S. debt ceiling.
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Thursday, August 04, 2011
U.S. National Debt Heading for $23 Trillion by 2021 / Interest-Rates / US Debt
By: Money_Morning
Martin Hutchinson writes:
There was a lot of back-patting in Washington this week after U.S. President Barack Obama signed a debt-ceiling deal that he and members of Congress claim will reduce the national debt.
But here's the truth: This deal does nothing to reduce America's debt burden. In fact, the $14 trillion we owe now could every easily exceed $23 trillion by 2021.
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