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Source: uspolitics.about.com --- 19 days ago
US Gross National Debt As Percent of Gross Domestic Product, from US Politics ... Source: blogs.wsj.com --- 37 days ago
Susan Davis reports on politics. Few voters identify the National Debt as their number one issue in this election year, but a recently launched non-profit foundation is working to change that. The Peter G. Peterson Foundation, with $1 billion in seed money courtesy of the founder by the same name, is funding a multi-million dollar [...] ... Source: www.guardian.co.uk --- 23 days ago
George Bush will leave his successor with the highest National Debt in US history, the White House announces ... Source: www.bloomberg.com --- 11 days ago
... Source: reddit.com --- 40 days ago
[link] [comments] ... Source: my.telegraph.co.uk --- 33 days ago
At a time when many families have had to rein in their spending, it would be good to see some fiscal responsibility from the Government. Instead, the Treasury is drawing up plans to change the rules Gordon Brown himself established over National Debt. Far from helping get our economy back on track, greater borrowing will worsen the credit crunch and damage long-term economic growth. Funds that might have found their way into savings accounts will be diverted into the Government's c... ... Source: www.huffingtonpost.com --- 27 days ago
From a story talking about the new housing bill: From the WSJ: The package could also come at a significant cost to the U.S. government, which would be authorized to invest billions of dollars in troubled mortgage giants Fannie Mae and Freddie Mac, as well as insure up to $300 billion in refinanced mortgages. As a result of the bill, Congress will raise the National Debt ceiling to $10.6 trillion from $9.8 trillion. It will also give Fannie Mae and Freddie Mac a new, tougher regulator. Let's just add more Debt to the total, shall we? After all, we don't have enough Debt. And we certainly wouldn't want to do anything that remotely resembles fiscal responsibility. That might send the wrong message to the markets about the US government's intentions. Let's review. First, here is the yearly total of total US government Debt outstanding at the end of each federal fiscal year. 09/30/2007 $9,007,653,372,262.48 09/30/2006 $8,506,973,899,215.23 09/30/2005 $7,932,709,661,723.50 09/30/2004 $7,379,052,696,330.32 09/30/2003 $6,783,231,062,743.62 09/30/2002 $6,228,235,965,597.16 09/30/2001 $5,807,463,412,200.06 09/30/2000 $5,674,178,209,886.86 Why are these figures important? Because they indicate there is a systemic problem with the US government's budgeting system. Since the end of fiscal year 2002, the federal government has added at least $500 billion dollars of net new Debt per year every year. That indicates the budget has never even come ... Source: www.ameinfo.com --- 49 days ago
Standard & Poor's Ratings Services said that it placed its 'BBB-' long-term corporate credit rating on United Arab Emirates-based district cooling company National Central Cooling Co. PJSC (Tabreed) on CreditWatch with negative implications. ... Source: www.freep.com --- 21 days ago
When you are in over your head, raise the ceiling. That's the fiscal philosophy these days in Washington, where Congress just voted to raise the limit for the allowable National Debt to $10.615 trillion. That's trillion with a t. That is what we the people will collectively owe after the latest round of government borrowing. It is an impossible amount to comprehend. ... Source: www.ameinfo.com --- 28 days ago
Standard & Poor's Ratings Services said that it revised its outlook on United Arab Emirates-based composite insurer Al Buhaira National Insurance Co. (PSC) (ABNIC) to negative on Debt leverage concerns. At the same time, the 'BBB' long-term counterparty credit and insurer financial strength ratings were affirmed. ...
Source: www.allbusiness.com --- 21 days ago
For some, the fact that the housing relief bill also raises the National Debt ceiling to $10.6 trillion is one of the most troubling aspects of this housing relief bill. ...
Source: www.moreover.com --- 18 days ago
The Market Oracle Aug 2 2008 11:29PM GMT ... Source: www.moreover.com --- 27 days ago
International Herald Tribune Jul 25 2008 5:14AM GMT ... Source: www.volconvo.com --- 44 days ago
Note to America: You've got a $9.5 trillion Debt. What doe that means? That every people in the US owe $31,100 to other countries. What would America looks like with every capita obliged to sell $31,100 of their furniture? What if both Japan and China decide to take back their $600,000,000,000 and $500,000,000,000 in the very middle of the economical crisis with the Brent at $200? Argue. ... Source: mypetjawa.mu.nu --- 18 days ago
Former State Representative Dave Cuddy is running in the GOP primary against indicted U.S. Senator Ted Stevens. He is running on a platform of limited government and reduced federal spending. You can learn more about Dave Cuddy HERE and HERE.... ... Source: sheriareid.wordpress.com --- 17 days ago
I’ve never thought of myself as a math person; my focus has always been on literature, philosophy, history, even geography but not math, which is probably why I’ve never devoted any effort to fully understanding all the ins and outs of the National Debt and the federal budget deficit. However, the headlines proclaiming in large [...] ... Source: www.i-bmw.com --- 15 days ago
Forum: Chit-Chat Posted By: Bishodad Post Time: 08-05-2008 at 01:19 AM ... Source: mortgageblues.us --- 13 days ago
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More states are enacting laws to protect drowning homeowners . With more and more homeowners drowning in an ocean of mortgage Debt, federal and state authorities are stepping up efforts to beat back the sharks. As foreclosures have skyrocketed over the past year, the flim-flam artists have come out in full force, say officials with the Federal Trade Commission and the FBI. “This fraud virus has probably been around, but until recently, it didn’t flower into a major issue,” says Brad Elbein, regional director of the FTC. The commission notes that so far this year it has filed three major foreclosure-rescue cases, one of which involved thousands of victims. It filed only one rescue case during all of last year. “The scope is probably going to be potentially as large as the mortgage fraud problem itself,” Sharon Ormsby, the FBI’s chief of financial crimes, told USA Today. The FTC is warning struggling homeowners to be wary of those offering relief for a fee. First of all, they say, many government-certified credit and foreclosure counselors can help negotiate the waters of foreclosure free of charge. One common rescue company scam involves an offer to pay the mortgage while allowing the homeowner to live in the home and pay rent. After the owner signs over the deed, the company sells the house and snatches the equity. “These are relatively new scams that are growing and becoming an increasing problem,” said Gavin Gee, director of Ida ...