How Can the Loan Interest Become Greater than the Principal?
I have written about and posted on Student Loan debt forever and usually about Alan Collinge. This is never ending debt where the interest can be greater than the costs…
I have written about and posted on Student Loan debt forever and usually about Alan Collinge. This is never ending debt where the interest can be greater than the costs…
…commercial business. Some additional reading: “Judge nixes a Biden rule in order to keep medical debt on credit reports,” CNN Business “CFPB’s medical debt rule could be thrown out under…
…part of the National 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…
…folks, I’m so happy that Obama’s beginning an intense campaign to educate the public about the quirky statute at issue in the debt-ceiling campaign. About what “raising the debt ceiling”…
Either that or he means that the public understands what the debt-ceiling statute actually is, and will never support Congress’s authorization of payment of already-incurred expenses earlier authorized by none…
…on the debt ceiling: Donald Trump is egging on Republicans already intent on using the federal debt limit as leverage to extract concessions from Democrats, potentially pushing the country further…
…– U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative debt deal to suspend the federal government’s $31.4 trillion debt ceiling on Saturday evening, ending a…
…these prophecies are highly contingent on which party controls Congress. Also too, it’s not the debt that matters, it’s the debt/GDP ratio. Trump vs Harris budget impact on the debt…
…like German government bond. I’d call this distressed levels for Italian debt, especially for an economy that is very likely contracting as we speak. Today Mark Thoma points us to…
…on October 23, to ‘finalise our comprehensive strategy on the Euro area sovereign debt criris’. Perhaps a real plan is in the works. I think not. In the back of…