Posts Tagged ‘debt ceiling’

  • The US is again hitting its debt ceiling.

    Debt Ceiling: The Trillion Dollar Coin Solution

    Jan 4, 13 • 203 Views • No Comments

    Through a hypothetical Oval Office meeting, a Yale law professor describes a platinum solution to the debt ceiling problem. The basic idea is that if Treasury can get the money to cover government spending without borrowing then it does not need to exceed...  [read more]

  • The US is again hitting its debt ceiling.

    Debt Ceiling: A Treasury Note

    Dec 28, 12 • 281 Views • No Comments

    Secretary of the Treasury Geithner just sent Senate Majority Leader Harry Reid a letter. Noting that in 5 days the US will again have hit the debt ceiling, Secretary Geithner explains that actually, we might have an extra 2 months. In an appendix to his...  [read more]

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    An Excellent Budget Plan

    Jul 29, 11 • 260 Views • No Comments

    A debt reduction suggestion. Let’s use what the President’s budget commission suggests. Proposing legislation that will mandate restraint and discourage political opportunism, they are bipartisan. And, they get people on the right and the left...  [read more]

  • An Upward Dow Helps an Incumbent President

    Interesting Debt Facts

    Jul 26, 11 • 192 Views • No Comments

    1. China and the Social Security Trust Funds have more in common than you would expect. The public has purchased $9 trillion of U.S. debt. China holds $1.1 trillion of the publicly held total. The U.S. government bought $4.6 trillion of its own debt. The...  [read more]

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    Debt Ceiling 101

    Jul 15, 11 • 279 Views • No Comments

    During the month of August, if the U.S. hits its debt ceiling of $14.3 trillion and the Congress says, “No, you cannot borrow anymore,” then what will happen? During August, the U.S. will have $172B (billion) in federal revenues and $307B in...  [read more]