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    • the debt FAQ

    Will the ever increasing debt cause thousands of Americans to migrate to Canada to do their lawn work?

    Apr 26, 2011 by chin | Posted in Politics

    After all the share of the national debt per person in the US is about 45k whereas it's "only" about 17k up north.

    I think I might load up my truck, grab my leaf blower and do some work that the Canadians don't want to do.

    Very doubtful.
    Facts not spin | Apr 26, 2011

    Would it be irresponsible for congress to extend the debt ceiling before committing to deficit reduction plan?

    Apr 24, 2011 by Marko | Posted in Politics

    Given the harsh political tone, should congress demand a committment from the President on some form of deficit reduction before even allowing a vote on the debt ceiling?

    Wouldn't punting on deficit reduction be the worst thing we could

    Raising the debt ceiling - JUST SAY NO !!!


    Starve the beast, or at least put it on a strict diet.
    clean truck | Apr 24, 2011

    If republicans keep making threats about raising the debt ceiling, would you like to see Soros step in and?

    Apr 26, 2011 by Doc Holliday | Posted in Politics

    short the Treasury Market, spiking interest rates and scaring the republican obstructionists to the point of wetting themselves?

    I'm sure most of you don't understand what "shorting" means but for those who do, how would you like

    Soros doesn't need to get involved. If republicans keep making threats to *not* raise the debt ceiling (for whatever reason... the reasons are irrelevant), then we'll see the real-world effects of political stunts (in this case, higher interest rates).

    | Apr 26, 2011

    the debt news

    The debt divide – what's next?

    18.05.12 'S approval numbers go down i hope they're not using this to intentionally hurt the economy, but it is a self-inflicted wound on the economy. there's no reason we have to put ourselves in this precarious position. look. there's no need to reduce the long-term deficits. this issue is how. they say we
    Source: msnbc.com

    the debt about


    Geithner urges action on debt
    Investor's Business Daily - Apr 26, 2011 Geithner urges action on debt Congress and the White House must agree to deficit-cutting targets that include an enforcement trigger to maintain investor confidence in US gov't debt, Treasury Sec'y Timothy Geithner said. "It is very important to act now before a crisis forces

    Economix: What Happens if the Debt Ceiling Isn't Raised
    New York Times (blog) - Apr 26, 2011 Economix: What Happens if the Debt Ceiling Isn't Raised The letter gives a step-by-step account of what analysts think might happen to the economy if the debt limit is not raised, and why they fear this might lead to another financial crisis: As Chairman of the Treasury Borrowing Advisory Committee,

    Lee Enterprises Prepares $1B Note Offering To Refinance Debt
    Wall Street Journal - Apr 26, 2011 NEW YORK (Dow Jones)--Newspaper publisher Lee Enterprises Inc. (LEE) is scheduled to price $1.055 billion of junk bonds later Tuesday as part of an effort to refinance all of its existing debt and avoid a

    Japan Debt Outlook Cut to 'Negative' by S&P on Rebuilding Costs
    BusinessWeek - Apr 27, 2011 The outlook on Japan's local-currency government debt rating, at AA-, the fourth-highest grade, was lowered from “stable,” S&P said in a statement today. The company had reduced the rating by one step in January in the first cut since 2002.

    Jackson Jr suggests Manchin's 'gutless'
    Politico (blog) - Apr 27, 2011 Jackson Jr suggests Manchin's 'gutless' Joe Manchin, has latched onto the Republican Party line on the debt ceiling, calling the proposed spending add-ons nothing more than giveaways for "gutless politicians." Manchin, a moderate West Virginia senator up for reelection in 2012, said Tuesday