…“demand” from ensuing-twelve-month GDP and change in debt (I don’t think he’s actually doing that) — we don’t know what GDP and change in debt will be over the next…

Eric Cantor rules on the debt ceiling? From Talking Points Memo comes this bit of knowledge on who can propose a vote on the debt. Under normal House rules, according…

…(dealing with a sudden stop is never easy). If debt is denominated in foreign currency the situation could be dramatic (as in the Asian crisis in the 90s). But even…

…low. Tax revenues are at historic lows as a percentage of GDP. The government debt will rise as the boomer generation retires. The government debt is still quite large and…

…debt and earning $70,000 annually. Jason’s hypothetical student graduates with $150,000 in college debt and a $70,000 does little to bolster his argument. For example; while the $150,000 in debt…

Paul Krugman uses elementary Keynesian Macroeconomics to argue that the austerity demanded by the Troika would reduce the Greek debt to GDP ratio, if at all, only by causing deflation…

…2014 to 42 million and the debt quadrupled to $1.1 trillion. With this explosion in borrowers and increase in debt, defaults reached its highest level in 20 years. “Half of…

Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it! (Via Barry Ritholtz) (Via HBO)…

…Op-Ed on the New York Times Website. Here is the truth: Social Security does not add one dime to the debt or the deficit. It is paid for entirely by…

…binding and anticipate their share of paying for the national debt. This idea is clearly crazy. Even Ricardo (who generally lived in a world of theory detached from reality) wrote…