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8 posts tagged with nationaldebt.
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Who owns the State NOW?

Robert Shiller wants to replace much of existing state debt by selling shares of the “earnings” of national economies, in units of 1/trillon GDP.
posted by T.D. Strange on Feb 23, 2012 - 39 comments

US Debt, the gift that keeps on giving

Borrow and spend, the delayed pain Ever thought of giving the future generations a little something to remember you by? How about the gift of debt? Whatever lens you want to look at the graph, you can blame the rise on: Out of control spending on the military or social programs; The end of the US being the swing producer of oil; Expensive wars; The money no longer being tied to gold or silver and instead being a fiat currency

No matter what the reason for the spending, the GAO warns: If the United States government conducts business as usual over the next few decades, a national debt that is already $8.5 trillion could reach $46 trillion or more, adjusted for inflation. Or If you don't like the graph due to the static nature, how about a clock so you can watch the numbers move upward?
posted by rough ashlar on Oct 31, 2006 - 80 comments

Is the U.S. Bankrupt?

Is the U.S. Bankrupt? [332Kb PDF] Laurence Kotlikoff, writing in this month's Federal Reserve Bank of St. Louis Review, says "yes" - to the tune of $66 trillion! [more inside]
posted by ikkyu2 on Jul 16, 2006 - 67 comments

US Debt at $8 trillion

America is now $8 trillion dollars in debt. That's nearly $27,000 per citizen, or almost $61,000 per taxpayer. A little over three years ago the total stood at $6 trillion.
posted by justkevin on Oct 24, 2005 - 86 comments

An ingenious substitute for the chain and whip of the slave-driver

Still Broke? Things getting worse? Well you should follow your own advice! Continued from.
posted by lalochezia on Sep 21, 2005 - 41 comments

Da Deficit

How much? (sun times link) So the story is we're going to have an estimated $427 billion shortfall. So what does that mean? According to this guy the deficit is more of a metaphor than something real. According to newhouse news service the deficit gets added to the national debt (and is terrifying). According to this guy the deficit is not a well defined concept Will it stimulate the economy? Increase taxes? It's too complex for me even though it's in the news a lot. $7.9 trillion in debt doesn't sound good though... I think I'll just keep blaming this guy.
posted by Smedleyman on Jan 25, 2005 - 31 comments

A flood of red ink

A flood of red ink This time the turnaround will be much tougher. There will be no “peace dividend” from the end of the cold war (indeed, the pressure on military spending may continue to increase). America is unlikely to see another stockmarket bubble, with its surge in tax revenues. As baby-boomers retire, the pressure from entitlement spending will be more acute. Set against this background, the path back to a sustainable fiscal policy will be extremely painful, even without any dramatic fiscal crisis. Long after Dubya is back on his ranch, Americans will be trying to recover from the mess he created.
posted by y2karl on Nov 6, 2003 - 35 comments

Mister, that sure is one big baby...

Drowning the government in a bathtub - "My goal is to cut government in half in twenty-five years, to get it down to the size where we can drown it in the bathtub." Thus spoke Grover Norquist, of Americans for Tax Reform. "The lunatics are now in charge of the asylum", quipped the conservative UK Financial Times. Hardly, says Paul Krugman. The strategy?: "Instead of challenging popular liberal programs directly, the Republicans are creating fiscal conditions that make those programs unsustainable." [lead post, Am. Prospect]. In other words, the 400 billion dollar deficit, coupled with the Bush tax cuts, is designed to shift the obligations of the Fed onto the States and, later, to cause a fiscal train wreck after Bush is out of office.
posted by troutfishing on Jun 12, 2003 - 58 comments

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