…That’s the way you want to look at it, is the debt as a percentage of GDP. He does not want the debt to grow as a percentage of GDP?…

…In the previous housing boom, mortgage borrowing only increased slightly. The above graph is of the annual increase in the total household mortgage debt. Total mortgage debt increased $900 Billion…

…those debtors who are deemed able to pay just $100/mo of their income to their unsecured creditors. A debtor who does not satisfy the means test for Ch 7 (i.e….

…increasing the debt. The second thing which is crucial and I think we’ve been talking about the Republicans— STEPHANOPOULOS: Well, wait, but you are increasing the debt by the cost…

…Setser. They argue that, within a very few years, the US’s net international debt will be too large for the deficits to continue, and that the ensuing adjustment will be…

…US government bonds. Those bonds are considered the safest investments in the world, for good reason. It’s impossible for me to imagine that changing anytime in the meaningful future (or…

This is a re-posting of a Bruce Webb post from January, 2010.  A reminder of a well crafted plan to date: Seven Steps to Social Security cuts via Debt Commission…

…lags. So, where do we see more correlation: A. between last year’s growth and this year’s debt, or B. between last year’s debt and this year’s growth? The answer is…

…that national income has to rise faster than debt. So there seems to be a problem in his argument, because he is pointing to the rise in credit/debt as part…

…future spending on the proposition that government debt must be repaid with future taxes? The United States has never paid its national debt and never will. It simply accumulates. Moreover,…