Talking national debt. “Paying interest on a growing debt. not spent on education, healthcare, roads and bridges, social safety nets, or (if we actually needed more spending on it) national defense.” “Psst: What No One Will Tell You About the National Debt (But I Will),” Robert Reich You really need to know this . . . The […]
While living in Michigan, I was invited to a Garden Party featuring Senator Debbie Stabenow. Being the person I am, I asked on behalf of student having such loans what she was going to do to grant relief to students who are behind, experiencing economic issues, swindled into taking loans to achieve capabilities which do […]
Just some recent stats so Angry Bear readers can understand this is still an issue. Biden did take some actions as the president. Supreme Court did block Biden on taking greater by canceling $400 billion in student loan debt. Also, I added some detail as developed by Melanie Hanson as to the loan originators. Student […]
By Daniel Bergstresser Econofact Second of two commentaries on Government Debt. This commentary does mention tax policies since 2000 which reduced revenue. The latest passed in 2017 as advocated by trump and supported by Congress. It passed under Reconciliation. The failure to balance out the debt created by the tax reduction with revenue achieved through […]
Discussing US Debt looked interesting enough to post on Angry Bear. I do not agree with the proposed fixes as I believe there are other fixes which would resolve the issues mentioned. Perhaps you have better ideas? Addressing Rising US Debt by Karen Dynan Econofact, The Issue: United States Federal debt rose sharply after the […]
I have written about student loans or have added articles about student loans to Angry Bear here, here, here, here, etc, etc, etc. I go back years on the topic as well as Alan Collinge of Student Loan Justice does. Politicians resist loan forgiveness claiming students are taking advantage of the system. It is a […]
Katie Porter on Social Security. Can you spare a bit more than three minutes? Three of the many Republicans who are absolutely not for the People. Social Security & the Debt Limit, Angry Bear, Bruce Webb.
I’m going to try to make this post brief and comprehensible. It contains no information not in an earlier post but I delete a whole lot of distracting data. The question is does the Reinhart Rogoff (hence R-R) data set on public debt and real GDP in 20 rich countries post WWII contain evidence that a […]
I promise, there are numbers here, but lets have some fun first and write a screen play to set up the point. It is long, but… “Dear, I’m getting nervous. We seem to keep adding to how much money we owe and our income hasn’t changed for the better. What can we do?” […]
Here are reminders of Angry Bear posts and contrbutor thinking on “Wealth, debt,and consumption”. Wealth versus income Usually my articles present facts and data and try to drive down to a conclusion. This time, I’m going to drive down to a couple of questions. Income and consumption jazzbumba Part 1…spending as a fraction of net […]