…turning BBB loans into AAA-rated bonds. “I didn’t understand how they were turning all this garbage into gold,” he says. He brought some of the bond people from Goldman Sachs,…

…result is that a very large percentage of debt service on the Long Bond, a dollar amount that is recorded as an Outlay on the Federal Budget is effectively rebated…

…of this issue. For those who are not familiar with the bond market, here is how it works.  The sale of Treasury bonds is how the US government borrows money. …

…huge amount to bond traders, but macroeconomic research focused on the effects of interest rates gives no hint that they would have a reliably detectable effect on output, employment or…

…physicians what they already k new, Depakote was a very valuable medication for “off-label” (unapproved uses). In the irony department, prescribing and administering Depakote for off-label uses is legal, and…

…information about products’ energy use. Label is voluntary, and Congress ordered it The Energy Star label is voluntary for products that meet certain efficiency levels, and differs from Department of…

…finance… “the purpose of government debt is not to fund government spending. It is to provide safe assets.” Therefore, governments whose debt is regarded as a safe asset must operate…

…public debt was $6.19 Trillion This week, public debt was $6.25 Trillion Last week, public debt/GDP was 43.32% This week, public debt/GDP was 43.73% Last week, public debt per person…

…Debt’ is the sum of ‘Debt Held by the Public’ (currently $11.9 trillion) and ‘Intragovernmental Holdings’ ($4.8 trillion). And what are ‘Intragovernmental Holdings’? http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#DebtOwner Intragovernmental Holdings are Government Account Series…

by Linda Beale Time to Eliminate the Debt Ceiling As the post-shutdown resumption of talking in Congress gets underway and the days start counting down to the next debt ceiling…