Posts Tagged ‘debt ceiling’

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    Raising (or Ignoring) the Debt Ceiling

    Jul 11, 11 • 98 Views • Economic Debates, Economic History, Financial Markets, Government, Macroeconomic Measurement, Money and Monetary PolicyNo 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...

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    Looking at the Debt Ceiling

    May 16, 11 • 82 Views • Government, HouseholdsNo 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,...

  • The Congress and the Deficit

    Budget Issues

    Apr 7, 11 • 124 Views • Economic Debates, Economic History, Government, Macroeconomic MeasurementNo 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,...

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    Raising the Ceiling

    Jan 7, 11 • 106 Views • Economic History, Financial Markets, Government, Macroeconomic Measurement, Money and Monetary PolicyNo Comments

    Calvin Coolidge once said, “Nothing is easier than spending the public money. It does not appear to belong to anybody. The temptation is overwhelming to bestow it on somebody.” The national debt did decrease when Coolidge was President. But then...