Tag Archives: default
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
The Coming Debt Reckoning
American workers, as a whole, are facing a disagreeable disorder. Their debt burdens are increasing. Their incomes are stagnating. There are many reasons why. In truth, it would take several large volumes to chronicle all of them. But when you get down to … Continue reading
Failure to Launch
The future is here and it’s not all it was cracked up to be. For example, one of the great disappointments of the 21st century, thus far, is the lack of flying cars. Wasn’t this supposed to be the signature … Continue reading
