…two-thirds of undergrads borrow) put this figure as high as $212 Billion in increased debt for the Class of ’2026, A total debt of $560 Billion…a half trillion dollars! And…

Oh, do tell us, Rep. Ryan, what exactly you think our spending priorities should be in order to avoid default if the debt ceiling isn’t increased. Pleeease. Might they be…

Alea gives the lie to that lie. Italy!!!?…

…q/q annualized, while financial sector debt fell another 9.3%. However, total debt (of the domestic nonfinancial sector) grew 2.8%, as the federal and state and local governments grew debt 20.1%…

…the latest purchase with debt, pocketed that money and filed bankruptcy? Really, the US won’t pay it’s bills? Oh no, the nation is going Detroit? It’s a game folks. Don’t…

…Here is senator Mitch McConnell. “I think in this country, it’s important to remind people that we ought to pay our debts,” McConnell opined. “We all pay our debts. And…

…they really wanted was to establish the legitimacy of debt limit extortion.  I find this implausible.  I do not believe that the legitimacy of using the debt limit for leverage…

…increases will eventually require significantly higher government outlays the US has unprecedented levels of debt and annual budget deficits the US spends too much compared to its tax revenues (the…

…respond to crisis). And debt–which had been spiralling upwards under the Bush regime with increases in debt ceiling hardly noticed–suddenly was a monster that must be contained. And all of…

…unable to sell its debt. In that case, the central bank, as lender of last resort, would be unable to avoid stepping in to buy that debt, in the process…