…have the greatest overall average debt. If one could even snare a 5% interest loan on an average $45,000 debt, it would take a 50+year old 13 years to pay…

…(or any of the GIIPS), though, because it issued a lot of debt that is denominated in foreign currency. But nevertheless, the Iceland krona depreciated around 50% against the US…

…roughly the GDP of the US for the year, and dollars are being added as we speak…we are at 76% debt/GDP ratio approximately without considering state and local debt. There…

…— can’t resist re-posting it over here for those who haven’t seen it. Red States Sucking the Federal Teat Just a reminder for all those red-state debt-ceiling hawks out there….

…that the U.S. Treasury will not default on its debt after August 2nd, even if the debt ceiling is not raised. Not only will the Treasury be able to pay…

…cuts to take effect whenever Congress exceeded those limits. “We are going to put out a plan that gets our debt on a downward trajectory and gets us to a…

…First, I don’t think we need to do anything. That is, I think that under current law, the debt to GDP ratio will stabilize and decline. Obviously I shouldn’t just…

…a higher public debt to GDP ratio, via a shrinking GDP. Undoubtedly, some government expenditure is highly inefficient (although, in light of the plethora of private sector induced debt bubbles,…

…debt and SunCal instruments both of which are in default. If I understand the debt contract correctly (and pigs fly) JPMorgan has two claims on Lehman – that is the…

…the Debt Commission: Alternet: Obama Packs Debt Commission with Social Security Looters? Any feedback about the article or thoughts on the matter would be greatly appreciated. I run a watchdog…