…the prospect of default is the reason they will not negotiate about spending restraint, Republicans should begin the debt-ceiling fight by permanently eliminating that prospect, turning the debt-ceiling debate into…

…the real leverage problem is in the household sector, and to a much lesser degree, the non-financial business sector. Household debt burden is the ratio of the debt stock (generally…

Debt Ceiling Nonsense Yet Again – A Catch 22?  Of course, there should be no debt ceiling.  The US is the only nation to have one for absolute amounts of…

…relief to you. Use this Link Debt Relief | Application | Federal Student Aid to get to an Application for Debt Relief. What this looks like when you get to…

Credit conditions worsen, and likely to worsen further due to Debt Ceiling Debacle II  – by New Deal democrat The Senior Loan Officer Survey, which measures credit on offer by banks,…

…six digit debt. And no one has fixed the damn problem allowing OPMs to do this. DeJa’Vu just like the for-profit schools. Online College Class Providers Screwing Over Students, Adding…

Paul Krugman writes on debt and austerity some more, and a link to Steve Roth’s post It’s private debt from December 2011 is mentioned in comments near the start of…

…way that (responsible) economists look at sovereign debt: considering primary surpluses/deficits (borrowing vs. payoffs before interest), and the effects of economic forces on household indebtedness: 1. growth, 2. interest, and…

…eurozone – that have high deficits have indeed seen interest rates soar. So a second, and equally policy-relevant, example is “what drives the possibility of a sovereign debt crisis?”. Here…

This week, the single most important event in global bond markets was the S&P downgrade of Greece’s long-term debt obligations, A- to BBB+. Moody’s is the last of the major…