Posts Tagged ‘debt ceiling’

  • An Upward Dow Helps an Incumbent President

    Interesting Debt Facts

    Jul 26, 11 • 312 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 • 420 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]

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    Raising (or Ignoring) the Debt Ceiling

    Jul 11, 11 • 359 Views • No Comments

    Washington Post cartoonist Tom Toles summarizes all we need to know about the politics of debt ceiling negotiations in these 33 political drawings. The first one starts with a Democrat/Republican card game in which each raises the ante. Others refer to the......  [read more]

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    Looking at the Debt Ceiling

    May 16, 11 • 301 Views • No Comments

    Today, at this moment, we might be hitting the debt ceiling. During the past 11 years, Congress has voted to raise the debt ceiling 10 times. In 2000, the ceiling was approximately $6 trillion; in 2011, it was just above $14 trillion. The whole story is here,......  [read more]

  • The Congress and the Deficit

    Budget Issues

    Apr 7, 11 • 361 Views • No Comments

    There are so many budget issues. How to remember them? You might think of 3 and 8. 3 decisions: 1) The shutdown: There might be a partial government shutdown on Friday, April 8, because Congress cannot agree on the 2011 budget. So far, where necessary,......  [read more]