Showing posts with label Debt. Show all posts
Showing posts with label Debt. Show all posts
Tuesday, October 24, 2017
Monday, January 16, 2017
Wednesday, February 3, 2016
Wednesday, May 27, 2015
Monday, April 20, 2015
Wednesday, March 25, 2015
Monday, March 23, 2015
Monday, January 19, 2015
Sunday, December 7, 2014
Thursday, October 2, 2014
Monday, February 24, 2014
Friday, February 7, 2014
Monday, March 18, 2013
Stop Freaking Out About the Debt! 5 Reasons There Is No Debt Crisis | Alternet
Stop Freaking Out About the Debt! 5 Reasons There Is No Debt Crisis | Alternet
"In conclusion: the “debt crisis” is a mere phantom — only one of many possible futures, and far from a certainty. The interest America is paying on its debt is currently lowerthan it was in the 1990s, despite a lower debt-to-GDP ratio then. When inflation is factored in, current real interest rates on our debt are negative. Financial markets are willing to pay us to borrow from them.
"In conclusion: the “debt crisis” is a mere phantom — only one of many possible futures, and far from a certainty. The interest America is paying on its debt is currently lowerthan it was in the 1990s, despite a lower debt-to-GDP ratio then. When inflation is factored in, current real interest rates on our debt are negative. Financial markets are willing to pay us to borrow from them.
Meanwhile, every dollar we cut — nay, every dollar we fail to borrow — is a dollar that isn’t going to shore up the safety net, to rebuild the country’s infrastructure, or to support struggling Americans while their livelihoods remain on the line. That we’re passing on this opportunity to repair our country, much less even considering the monstrosity that is the Ryan budget, really is absurd."
Monday, December 31, 2012
PERRspectives: The National Debt? Republicans Built That
PERRspectives: The National Debt? Republicans Built That
"President Bush added $5.1 trillion in red ink to the national ledger. But while the debt has grown by over $5 trillion during Obama's first term, less than $1 trillion can be attributed to new programs he put in place. The rest is the result of the tax revenue loss from the deep recession which began in December 2007 and the continuation of policies inherited from George W. Bush."
"President Bush added $5.1 trillion in red ink to the national ledger. But while the debt has grown by over $5 trillion during Obama's first term, less than $1 trillion can be attributed to new programs he put in place. The rest is the result of the tax revenue loss from the deep recession which began in December 2007 and the continuation of policies inherited from George W. Bush."
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