Posts tagged Debt
Jared Mandel
Multimedia Journalist
You can’t close the deficit with just spending cuts; we’ll need a balanced approach.” - President Barack Obama
Debt ceiling bill passes Senate, 74-26
Is Real U.S. Debt Figure $211T -- not $14.3T?
Bloomberg BusinessWeek, in its current cover story “Why The Current Debt Crisis is Even Worse Than You Think,” argues the true measure of U.S. debt ought to be the so-called fiscal gap. That’s the present value of the difference between the nation’s total revenues and its total obligations. That comes to $211 trillion.
(Source: abcnewsradioarchive)
But fighting over whether to pay our obligations? Well, that’s just dumb at its core. And from a dumb debate, here are the dumbest moments.
(Source: piersmorganlive)
The incredible, shrinking debt deal in one graph
From Ezra Klein, Washington Post
Full article: CLICK HERE
