Another way to look at the national debt

February 8, 2013 Guest User

Welcome to the next chapter of the endless debt debate. The release of a Congressional Budget Office report on the next 10 years of the U.S. economy ends a brief lull in Washington. As we return once again to our regularly scheduled program of “Crisis and Impasse,” let’s take a moment to consider the following heretical idea: We have no debt problem.

Debt Default: How the U.S. Has Ceded Global Economic Power

August 8, 2011 Guest User

So there you have it. The debt deal is done, and all that remains is for a ritualistic i-dotting and t-crossing, along with the howls of protest from left and right that their bedrock principles were violated in order to save the U.S. credit rating. But make no mistake: While Washington muddled through at the witching hour and avoided sending the global economic system into the vortex, what unfolded over the past few weeks will have repercussions, and they are not good for America.

The Faulty Logic Behind the Market Sell-off

August 3, 2011 Chris Steib

With the debt deal concluded, you might have expected global markets to have rallied. There is a growing consensus among the investing class that a double-dip recession is imminent and that, as a result, stocks are in for tough times — and may even be poised for a crash.

What Would the Founding Fathers Say About the National Debt? Don’t Default

July 2, 2011 Guest User

One of America’s favorite pastimes is to play the “what would the Founding Fathers say” game. Just pick an issue du jour, and ask the question. Given that today’s world (Google, Twitter, television) is probably way beyond even the imagination of the 18th-century designers of the Constitution, the game usually says more about today’s partisan fights than about the Founders.