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It is often discussed in public economics, especially with regard to transition economics, [3] social policy, and government budget-making. [4] Many cite the growing U.S. national debt as an example of intergenerational inequity, as future generations will shoulder the consequences.
Rising government debt levels have seemingly always been in the headlines. In recent years, U.S. debt levels have become political, with one side of the aisle often refusing to raise the debt limit...
Government debt is typically measured as the gross debt of the general government sector that is in the form of liabilities that are debt instruments. [2]: 207 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future.
The only solution is to address what causes the debt in the first place: excessive government spending. It shouldn't be so hard. Politicians don't even need to stop spending more.
The government needed the extra financing because tax receipts were coming in lower than expected, while outflows were higher. Since then, 10-year Treasury rates have risen by nearly a full ...
The documentary praises Ecuador's decision to unilaterally default on part of its sovereign debt, on grounds of social justice. The solution suggested for the Greek government-debt crisis is the formation of a committee for the analysis of the debt in a similar way that Ecuador did.
On Jan. 19, the United States hit its debt ceiling, an event that has prompted the Treasury Department to use "extraordinary measures" to continue paying the government's debts. The crisis is ...
Long term debt ceiling increase (allowing Treasury to borrow for the rest of Obama's term): privatize Medicare and/or Social Security. Medium term debt ceiling increase (allowing Treasury to borrow until sometime in 2015): cut food stamps, use the chained consumer price index (CPI), tax reform, agree to enact block-grant Medicaid or a large ...