United States of Debt | No Mercy / No Malice

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In turn, the national debt would rise from 35 percent of GDP in 2003 to 50 percent of GDP in 2013—the highest since the mid-1950s, when the United States was still paying down the debt it incurred to fight World War II. The projected red ink and increased debt would be even greater in the years thereafter, when the baby-boom generation reaches reti

Paul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina

"For one, the fiscal doomsayers are probably wrong: Countries that print their own currency can’t truly be pushed to default."

Can you REALLY be this economically ignorant? The US is on a track that leads directly and quickly to national bankruptcy in the form of reducing the dollar's value to zero, unless the current Congress cuts Federal spending ... See more

A Bond Selloff Is Rocking the World. You Might Want to Take the ...

GDP, roughly speaking, is the value of all of the goods and services produced by the U.S. economy—our gross income, if you will. Looking at our debt and deficits as a percentage of GDP also allows us to make more accurate comparisons of our conditions to other countries and to previous periods in history. As of the end of the government’s most rece

Bill King • Unapologetically Moderate: My Search for the Rational Center in American Politics

In fact I will argue that excessive use of the U.S. dollar internationally actually forces up either American debt or American unemployment. It is more of a burden for the United States than a privilege.

Michael Pettis • The Great Rebalancing

Is the world losing faith in the almighty US dollar?

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