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A Cook Book for Book Cookers

…shares. OK this is close to 1. Preferred shares are not debt. The whole key to TARP was that preferred shares are not debt. Government agencies can issue preferred shares…

HOW TO PAY FOR SOCIAL SECURITY

Debt that was borrowed from “the public.” How long that takes to bring the Debt down to a “sustainable level” depends on other spending. The other thing is that it…

NATIONAL DEBT

spencer National debt now exceeds 10 trillion dollars The national debt is now too big for the national debt clock. Way to go Team Bush. Actually, this just demonstrates that…

Bureau of Public Debt

Bureau of Public Debt is something I missed in the news. If you would like to help reduce the national debt, make your check payable to the Bureau of the…

National Review Defends Bush Deficits Again

…Report of the President 2004 reports Federal debt as a percent of GDP: both total debt and debt held by the public. Since the latter is robbing the lockbox, let’s…