…and two centuries respectively (six hundred years combined), the U.K. and the U.S. governments have paid off their debts exactly once: the U.S. in 1836. This happy event was followed,…

…“demand” from ensuing-twelve-month GDP and change in debt (I don’t think he’s actually doing that) — we don’t know what GDP and change in debt will be over the next…

Eric Cantor rules on the debt ceiling? From Talking Points Memo comes this bit of knowledge on who can propose a vote on the debt. Under normal House rules, according…

…low. Tax revenues are at historic lows as a percentage of GDP. The government debt will rise as the boomer generation retires. The government debt is still quite large and…

…debt and earning $70,000 annually. Jason’s hypothetical student graduates with $150,000 in college debt and a $70,000 does little to bolster his argument. For example; while the $150,000 in debt…

Paul Krugman uses elementary Keynesian Macroeconomics to argue that the austerity demanded by the Troika would reduce the Greek debt to GDP ratio, if at all, only by causing deflation…

…2014 to 42 million and the debt quadrupled to $1.1 trillion. With this explosion in borrowers and increase in debt, defaults reached its highest level in 20 years. “Half of…

Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it! (Via Barry Ritholtz) (Via HBO)…

…the bonds. Note that Social Security is NOT borrowing money; it is LENDING money TO the government, and when SS cashes its bonds it is NOT causing the government to…

…that the lead to deficits and the national debt creates the illusion of wealth (as people act as if government bonds are net wealth). This causes higher than sensible consumption…