OK, so as I understand it ... each year there is a deficit, or when the US Govt decides it needs a large amount of money (say for a massive societal relief bill), the following happens:
Treasury says "I don't have enough money for this. I need to borrow. I'll issue bonds"
Read at least the first of this to get the idea. What will the real consequences be?
I’ve listened to serious people debate student debt forgiveness/cancellation, they echo many serious concerns – impact of the federal deficit...
Burlington College Feels the Bern! Will Close Thanks to Crushing Debt Acquired by Mrs. Bernie Sanders
No surprise here!
So you secure a loan based on fund raising and commitments. :xeye:
Who would loan money on that? :xeye:
The thing to watch is in TABLE III-C - Debt Subject to Limit.
As of October 6, 2015, the total public debt is $18,112,975,000,000 ($18.1 Trillion).
Ironically, the Federal government and the Treasury have been playing a shell game for perhaps the past...
This article has intrigued me the past couple days:
"Income inequality: Does wider gap between rich and poor threaten capitalism?"
Turns out that Bill Gross, one of the wealthiest...
This is what happens when you run an economy on debt-the ponzi scheme eventually collapses when everybody is loaded up with so much debt that most of their meager incomes are going to pay banksters, not to buy goods and...
David Stockman, former budget director for Ronald Reagan spells it out plain and simple in the USA Today. He is sharp and knows his stuff.
"The consequences are horrendous. If you...
Debt is Endemic In Our System... And the Deleveraging Will be Brutal For Businesses and Investors Alike
Debt is absolutely endemic in our financial system. The average non-financial corporation in the US is sitting on a debt to equity ratio of 105%. Bank leverage while relatively low compared...
What happens when consumtion decreases or goes away?
excellent article with charts here: (October 24th entry)
Could anyone point me to another organization which does not base their information on the IMF to verify or debunk the above referenced chart?
so now that the us diverted a default, and put america into adittional 7ish trillion dollar in debt, it's time for the birthday bash.
but is it ruined? the party favors were busted in the caribbean, 7ish ton of it!
so here we are. doing what is not popular will make your a terrorist.
Biden: Tea partiers like 'terrorists'
one day soon, the defenders of the us constitution will be deemed as terrorists.
......... it might be happening now.
Ok. The link below is to a story that states that Moody's sees no reason in either of the debt bills to keep it from reducing the US's AAA rating.
Here is the question: What are the...
Pardon my ignorance, but as I read over many posts here, a common piece of advice is to pay off your debts in a shtf-coming situation. I agree, in general, that we should seek to have as little debt as possible, it just makes life easier and less stressful.
But if you're convinced that a shtf...