Tag Archives: debt ceiling

Debt Ceilings, Bombs, Cliffs and the Trillion Dollar Coin

by Jeffrey Frankel, Jeff Frankel’s Weblog Needless to say, the US has a long-term debt problem.  The problem is long-term both in the sense that it pertains to the next several decades rather than to this year.  (Indeed, the deficit/GDP … Continue reading

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How to Induce Explosive Debt Dynamics

by Menzie Chinn, Econbrowser.com The debt ceiling and implications of: “We Republicans need to be willing to tolerate a temporary, partial government shutdown.” and more recently “I think it is possible that we would shut down the government to make … Continue reading

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Is US Debt Caused by the Trade Imbalance?

Written by Steven Hansen ….. the fiscal (government) deficit in the US cannot go away unless we also deal with the trade deficit. As we will see, it is a simple accounting issue, and one based on 400 years of … Continue reading

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The Real Truth Is, When It Comes To The Government There Is No Debt

by Guest Author Mike Norman, Chief Economist at John Thomas Financial All we hear about is the debt, the mountain of debt. Debt, debt, debt…it never ends. My question is, what debt? What’s the debt that everyone is talking about? … Continue reading

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Deflating Any Economic Enthusiasm

Damage has been done by the drama over the debt ceiling vote in Washington. We did get an extension, but not much else except uncertainty. Continue reading

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Debt Ceiling Debate Only Kicks the Can Down the Road

Eventually, a compromise will be reached and the debt ceiling raised – and sometime in the future we’ll face this debt ceiling again. No matter what budget cutting occurs, the Federal Budget will grow faster than the economy – solely due to entitlements and the baby boomers. Continue reading

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