Posts Tagged ‘federal debt’

  • weekly roundup and SSDI problems

    Have We Halved the Deficit?

    Jan 30, 14 • 1056 Views • No Comments

    In the State-of-the-Union, President Obama said, “Our deficits–cut by more than half.” Looking at the federal deficit as a percent of GDP, we can say that the deficit is much lower than 4 years ago. BUT… The deficit was an unusually......  [read more]

  • Everyday economics and sovereign debt

    Fiscal Policy: What We Need to Know About the Debt Ceiling

    Sep 26, 13 • 1071 Views • No Comments

    Like me, you might have thought that the US has not yet reached its debt limit. But actually it has. The story is unimaginably complicated. From what I can discern in a Congressional Research Service report, for the last 9 months or so, the Congress created......  [read more]

  • The US is again hitting its debt ceiling.

    Debt Ceiling: A Treasury Note

    Dec 28, 12 • 666 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]

  • UK Pasty_000018649371XSmall

    Pasty Tax Issues

    Apr 3, 12 • 582 Views • No Comments

    The UK’s pasty (PASS-tee) tax battle is a good story. But, moving beyond the humor, it has considerable significance. First the story: Taxing the pasty has created a major flap in the UK. The pasty looks like meat in a pastry pouch, high in fat, maybe......  [read more]

  • An Upward Dow Helps an Incumbent President

    Interesting Debt Facts

    Jul 26, 11 • 552 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]