Posts Tagged ‘debt’

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    State Deficits and Jaws Charts

    Jun 24, 10 • 213 Views • GovernmentNo Comments

    As a prospective buyer, Daily Show reporter Jason Jones went to check out the Arizona State Capitol Building when he heard it was for sale for $735 million. Once sold, the capitol would then be leased back to the state for $60 million a year. Why sell it?

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    California and Greece

    Feb 23, 10 • 182 Views • Thinking EconomicallyNo Comments

    An SAT question:California: US = Greece: EU. California and Greece are similar because…1. California and Greece have debt problems.2. Both have government employees with salaries and massive pension liabilities that they have to cover.3. Both would

  • PIIGS at the Trough

    Feb 9, 10 • 186 Views • Thinking EconomicallyNo Comments

    Debt can be complicated. 1.National borrowing is good. It leads to growth and recovery. In 1792, Alexander Hamilton said that a national debt could be a blessing. In 1936, John Maynard Keynes said that debt was good. Each realized that using someone else