Browsing All posts tagged under »DEBT«

Are Republicans Ready to Compromise AGAIN on Debt?

May 23, 2011

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Republicans suggest deal possible on taxes, health…. Top congressional Republicans on Sunday suggested they could compromise on the two biggest issues — healthcare and taxes — that stand in the way of a deal to get the United States’ debt under control. Representative Paul Ryan, the chairman of the House of Representatives Budget Committee, said […]

Columnist Paul Krugman-Use “Death Panels” to solve debt crisis

November 15, 2010

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  Economist and New York Times columnist Paul Krugman says the only way the U.S. will get its debt crisis under control is by the use of “death panels” and a national sales tax. …..Krugman also conceded his solution may be “politically impossible.” But, he added, “I believe that some day — maybe in the […]

Democracy could end unless the debt crisis is controlled

June 16, 2010

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By Frank McGuire, NEWSMAX. In an interview with the Brussels-based magazine EU Observer, John Monks said: “This is extremely dangerous. This is 1931, we’re heading back to the 1930s, with the Great Depression and we ended up with militarist dictatorship. I’m not saying we’re there yet, but it’s potentially very serious, not just economically, but […]

Dems to lift debt ceiling by $1.8 trillion, fear 2010 backlash

December 10, 2009

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 By DAVID ROGERS POLITICO In a bold but risky year-end strategy, Democrats are preparing to raise the federal debt ceiling by as much as $1.8 trillion before New Year’s rather than have to face the issue again prior to the 2010 elections.“We’ve incurred this debt. We have to pay our bills,” House Majority Leader Steny Hoyer told […]

US May Face ‘Armageddon’ If China, Japan Don’t Buy Debt

September 26, 2009

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By: JeeYeon Park cnbc The US is too dependent on Japan and China buying up the country’s debt and could face severe economic problems if that stops, Tiger Management founder and chairman Julian Robertson told CNBC. “It’s almost Armageddon if the Japanese and Chinese don’t buy our debt,” Robertson said in an interview. “I don’t know […]