…credible sovereigns? There is a key difference between debt denominated in the national currency and debt denominated in foreign currency. The case of France in the 20s is different from…

…be repaid and cause investors to demand high interest rates (clearly true) and that this would spill over, because Euro denominated sovereign debt of different sovereigns would have the same…

…fraud and waste and to take a bite out of the national debt. However, the Treasury Department reports that debt stands at $36 trillion as of this week. The $160…

…11 years have significantly increased budget deficits and the debt (and that that also happened in the 1980s); that budget deficits and the national debt decreased during the 1990s after…

…Now, some substance – yes, the agency debt had an implicit federal guarantee. But… let us be very precise about our definition. Agency debt means debt issued by a US…

…high and rising fast. Interest payments on the debt—“over $90 billion” in 1981—were just shy of $200 billion in Reagan’s last year in office. Using more relevant measures, real debt…

…Bush and Reagan: In his first two years in office (2003 debt amount less 2001 debt amount), Bush increased the national debt by more than all the presidents from Washington…

by Bruce Webb Don’t step in the Voodoo. Leap in U.S. debt hits taxpayers with 12% more red ink Yhe latest increase raises federal obligations to a record $546,668 per…

…beneficiaries exceeded what could have been financed with the revenue they contributed. This difference is what we call the legacy debt. Without this debt—that is, if earlier cohorts had received…

…we visit the Treasury’s Debt to the Penny we can see the following totals: Debt held by the Public $6.4 trillion Intragovernment holdings $4.2 trillion Total $10.6 trillion Okay that…