Category: US Debt
The analysis published under this category are as follows.
Friday, December 24, 2010
WSJ Under Reports New Jersey Pensions Deficit as $54 Billion, Actual is $174 Billion / Interest-Rates / US Debt
By: Mike_Shedlock
The Wall Street Journal reports New Jersey Pension Gap Hits $54 Billion.
Thursday, December 23, 2010
The Next Financial Meltdown, State Budgets Day of Reckoning / Interest-Rates / US Debt
By: Videos
Steve Kroft Reports On The Growing Financial Woes States Are Facing. The day of reckoning is at hand. Steve Kroft tells us what we need to know about the looming financial crisis that almost no one is talking about. Read full article... Read full article...
Sunday, December 19, 2010
From Bush to Obama - America's Fiscal Collapse / Politics / US Debt
By: Michel_Chossudovsky
What has been implemented under Obama is strong economic medicine with a “human face”. “Promise amid peril”. The stated priorities of the Obama economic package are health, education, renewable energy, investment in infrastructure and transportation. “Quality education” is at the forefront. Obama has also promised to “make health care more affordable and accessible” for every American.
At first sight, the budget proposal had all the appearances of an expansionary program, a demand-oriented “Second New Deal” geared towards creating employment, rebuilding shattered social programs and reviving the real economy.
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Thursday, December 16, 2010
How to Reduce the U.S. National Debt Without Raising Taxes or Cutting Spending / Interest-Rates / US Debt
By: Submissions
Michael Sekora writes: Discussions about deficits and debt reduction inevitably center on whether and how to reduce government spending or increase tax rates. Proponents of increasing taxes argue over what level tax rates should be increased to and for which segments of the population. Proponents of decreased spending debate which federal programs should be trimmed or eliminated altogether. But this choice is a classic false dichotomy. If we grow the economy enough, we won’t have to rely on massive tax hikes or spending cuts.
Wednesday, December 15, 2010
Chinese Take-Out Of The U.S. Economy, Debt Crisis Triggering Reserves Conversion into Gold and Silver / Interest-Rates / US Debt
By: Jim_Willie_CB
The Chinese really must think the American strategy and behavior to be braindead and self-destructive. The US helped them assemble a manufacturing industry, replaced US income with debt, and finally faces the Grim Reaper in a national episode of systemic failure. The US leadership is as stupid and mindless as the population is driven by compulsive consumption over the cliff, as the nation faces ruin. The Jackass warning has been for five years that the Chinese experiment would end in tragedy, and that when a preponderance of USTreasury debt is owned by foreigners, especially a single foreign nation, the Untied States will lose its sovereignty.
Wednesday, December 15, 2010
Economic Crisis in America: Mounting Household Debts, Threat to Pension Funds and Social Security / Economics / US Debt
By: Bob_Chapman
The experts’ keep telling us how great shopping is this Christmas Season when only 17% of shoppers are using credit cards. That is a drop of 50% from last year, and the lowest usage in 27 years. We guess buyers have unloaded the cookie jar and pulled their savings from under the mattress. The consumer sentiment index has risen 2.6, but we will wait to see if attitudes turn into sales. Home buying intentions continue to fall as interest rates hit 4.66% for a 30-year fixed mortgage this past week, putting a further damper on future sales.
Wednesday, December 08, 2010
Bernanke Will continue Printing Money as the Federal Deficit Explodes Higher / Interest-Rates / US Debt
By: Claus_Vogt
The “grand compromise” between the Obama administration and Congressional Republicans to extend the Bush era tax cuts will have two extremely severe repercussions:
First, it means that the federal deficit will EXPLODE beyond the worst estimates of the most pessimistic deficit prognosticators. And in response, interest rates are already soaring, with 10-year Treasury yields jumping nearly a quarter of a point just yesterday!
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Wednesday, December 08, 2010
Japan Collection Call on U.S. Debtors / Interest-Rates / US Debt
By: David_Galland
Hello, is this Japan I'm speaking to?
Yes. (tentative). May I ask who's calling?
It's the ACME collection agency. We're calling today because of your outstanding obligations.
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Saturday, December 04, 2010
Massive Debt Monetization, The Failure of the Global Financial System / Interest-Rates / US Debt
By: Bob_Chapman
The price of commodities, particularly food and petroleum products, will be higher in the coming year, which will strain budgets more than ever for those who still have jobs. Unemployment will not get appreciably better and government debt will rise. Government is talking about raising the Social Security retirement age by three years, freezing payments and offering government guaranteed annuities in exchange for those of you that do have retirement plans. Two-thirds of those in and about to retire have only Social Security for 50% of their income. The money collected since 1935 is all gone, having been spent by past politicians. In fact, if you put all present and future commitments together you have a debt of $105 trillion.
Saturday, December 04, 2010
U.S. Facing Federal Debt Cataclysm, The Establishment Is in Despair / Politics / US Debt
By: Gary_North
Austrian School economists and analysts who have warned that we are facing a Federal debt cataclysm have now received grudging confirmation from a most unlikely source: the Council on Foreign Relations.
The Council on Foreign Relations is the single most influential discussion forum in the United States. Its quarterly journal, Foreign Affairs, is therefore the most influential publication in the country and therefore the world.
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Monday, November 29, 2010
Don't Raise the U.S. Debt Ceiling! / Politics / US Debt
By: Dr_Ron_Paul
As of November 7th, the total U.S. public debt outstanding reached an astonishing $13.7 trillion. This means that although Congress just raised the debt ceiling to $14.3 trillion back in February, the new Congress will face another debt ceiling vote almost immediately next year. Otherwise, the Treasury will not be able to continue issuing debt to fund government operations.
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Tuesday, November 23, 2010
Bernanke Is Making the Global Currency & Debt Crisis Worse / Interest-Rates / US Debt
By: Casey_Research
Bud Conrad, Chief Economist, Casey Research writes: The Fed is a corrupt and powerful institution, and Chairman Bernanke is making the global crisis worse. His new speech given last week in Europe was terribly misguided and will upset markets as the Chinese and Germans won't ignore his challenges. Bernanke’s interpretations of the markets have been wrong since before he was appointed to head the Fed, and his actions are doing nothing but aggravating the situation.
Wednesday, November 10, 2010
Foreign Government's No More U.S. Treasury Debt Purchases Would be Bullish for Commodities / Interest-Rates / US Debt
By: Gary_North
The familiar slogan of investing is this: "Timing is everything." If true, then Ben Bernanke had a bad week. Calling it a bad week barely does justice to it.
On November 2, the American people went to the polls in the greatest numbers in history for a mid-term election and threw out Democrats in the House of Representatives. If the Senators had all been up for re-election, the Democrats would have lost their majority. It was the largest reversal in the House since 1938, when Roosevelt's Supreme Court-packing scheme led to a huge veto at the polls by Republicans – an event not mentioned in the (universally) pro-Roosevelt history textbooks. The textbooks do admit that Roosevelt knew that he had gone too far. He never mentioned the plan again. It was the only major defeat of his Presidency.
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Tuesday, October 26, 2010
Debt Default or Hyperinflation, U.S's Only Two Options / Economics / US Debt
By: Richard_Daughty
I thought I had seen and heard it all after the ludicrous Ben Bernanke, asinine chairman of the Federal Reserve, announced that the official (and thus a lie!) 2% inflation in prices was too, too low, and he wanted higher inflation because, somehow, in some weird little fantasy world that only he and other neo-Keynesian econometric cyber-nerds can see, higher inflation is “consistent with the mandate of the Fed” to achieve stable prices (zero inflation)! Hahahaha!
Thursday, October 21, 2010
Joseph Stiglitz Nobel Prize Winning Economist is the High Priest of the Keynesianism / Economics / US Debt
By: Brady_Willett
Joseph Stiglitz is a Columbia University Professor and a Nobel Prize-winning economist. He extolled the wisdom of Keynesianism on Bloomberg yesterday (video):
"Just think about it. Right now the government can borrow at zero to...two and half percent. And there are so many investments yielding returns of 10, 15, 20% - if you don't make these investments you are really robbing your children."
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Saturday, October 16, 2010
U.S. Debt Pie, A Nation of 300 Million Suckers / Interest-Rates / US Debt
By: Seth_Barani
Lets analyze what is happening to the fixed-income instruments, mainly Treasury Bonds. There are two likely scenarios. One is, (scenario #1) Bernanke tries to salvage the economy. The other is (scenario #2), he only cares for US government's ability to service its debt.
Friday, October 15, 2010
Unsustainable Policies and Practices with Deficits, Is America On A Burning Platform? / Politics / US Debt
By: James_Quinn
David Walker, the former Comptroller of the United States from 1998 until 2008, has been warning politicians, the media, and the American public for over a decade that we are off course and headed for disaster. In August 2007, before the financial system meltdown of 2008, Mr. Walker declared:
Thursday, October 14, 2010
America's Bright Future After U.S. Treasury Debt Default / Interest-Rates / US Debt
By: Gary_North
It is easy to make a case for east Asia's economic success, but only over the next two decades. East Asia's economies are growing because their economies are being freed by decisions by politicians to reduce government regulations. But they all have two major problems: (1) the extreme boy/girl birth ratio of at least 120 to 100; (2) the threat of a rapidly aging population after 2025 or 2030. Economist Nick Eberstadt has been writing about this for a decade.
Friday, October 08, 2010
The Incredible Two-Day $144 Billion Jump in US Treasury Debt / Interest-Rates / US Debt
By: Richard_Daughty
Things are getting so, so, so weird that I was locked inside the Mogambo Bunker Of Panic (MBOP), looking through the periscope to keep a vigilant watch for the social explosion outside that was coming, I figured, so, so soon, with my finger on the trigger of something fully loaded and reassuringly .45 caliber, and a slice of yummy pizza in my one free hand to keep my energy level up via the universal Magic Of The Pepperoni (MOTP).
Monday, October 04, 2010
Excuse Me If I Come On Too Strong, Out Current Form of Government is Broken / Stock-Markets / US Debt
By: Larry_Edelson
Excuse me in advance if I come on too strong, sound a bit cynical or emotional — or even unpatriotic — at any time in my column today.
But gold’s continued strong price rise is a resounding warning shot. And I want to put what it means on the table for you … without mincing any words … without sounding mealy-mouthed … and without tip-toeing around any of the issues.
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