Category Archives: Government Debt
To Hell In A Bucket
“No one really cares about the U.S. federal debt,” remarked a colleague and Economic Prism reader earlier in the week. “You keep writing about it as if anyone gives a lick.” We could tell he was just warming up. So, … Continue reading
The Government Debt Paradox: Pick Your Poison
“Rule one: Never allow a crisis to go to waste,” said President Obama’s Chief of Staff Rahm Emanuel in November of 2008. “They are opportunities to do big things.” At the time of his remark, Emanuel was eager to exploit … Continue reading
Calling Mitch McConnell’s Debt Ceiling Bluff
Senate Majority Leader Mitch McConnell woke up on the wrong side of the bed on Monday. Who could blame him? His summer vacation’s been ruined. President Trump’s been riding him all month like a pack mule. What’s more, on Monday … Continue reading
Why There Will Be No 11th Hour Debt Ceiling Deal
A new milestone on the American populaces’ collective pursuit of insolvency was reached this week. According to a report published on Tuesday by the Federal Reserve Bank of New York, total U.S. household debt jumped to a new record high … Continue reading
