But burdened with war debt, it could provide no financing and de Weldon agreed to fund it himself.
The Senate's move highlights Iraq's other money problem: its enormous pre-war debt.
Alexander Hamilton, our first secretary of the Treasury, and a very good one, redeemed all of the Revolutionary War debt at par value, and he said the 'full faith and credit' of the United States must be inviolate, among other reasons because it will be necessary in a crisis to be able to borrow.
WSJ: The Weekend Interview with George Shultz: Memo to Romney��Expand the Pie
Britain emerged from the first world war with debt at 140% of GDP and prices more than double their pre-war level, but it was determined to pay off its debt and return the pound to its pre-war value against gold.
Old tax-and-spend habits, picked up over decades as Sweden cushioned its people with the kindest welfare state in the world, had apparently been discarded as new-look, fiscally tight Social Democrats waged war on public debt.
Indeed, Apple will very likely be one of the stocks that will plunge when the Obama-Congress tug-of-war starts over the debt ceiling.
It took compelling events such as the thawing of the Cold War and skyrocketing public debt to finally break this cycle and force consolidation and moderation.
FORBES: The Enterprise IT Industrial Complex In The Era of Agile IT
The only legitimate reason to raise the debt ceiling is war, not the other way around.
Aren't we an older, more poorly educated society than the one that climbed out of similar debt after World War II?
WSJ: The Weekend Interview with George Shultz: Memo to Romney��Expand the Pie
Some seek solace in the fact that at the end of World War II, the national debt exceeded GDP and still the economy prospered.
WSJ: Phil Gramm and Steve McMillin: The Debt Problem Hasn't Vanished
Another synchronous round of QE, for instance, may end up causing a trade war, while an additional debt-financed fiscal stimulus could cause a spike in interest rates.
In the 1920s, German chemist Fritz Haber, a Nobel Prize winner, thought it possible to extract enough gold from oceans to pay his country's debt after World War I.
Debt in advanced economies has reached levels exceeded only during the second world war, and the evidence is that high debt can stifle long-term growth.
Famine, international debt, underdevelopment, war and pandemics all make the right to healthcare difficult to provide.
Also, the country is not constrained by a debt ceiling during a war.
Outside of France, Mr. Sarkozy has cast himself as a central leader in tackling a host of emergencies, from the global financial crisis to the euro sovereign-debt disorder and the war in Libya.
That is, after all, how a large part of the public debt built up during World War II was brought down.
He suggests our dynamism could come to a speedy end as we wallow in servicing debt, fighting a costly war in Afghanistan.
Over the last decade, we have spent a trillion dollars on war, at a time of rising debt and hard economic times.
The trillions of dollars in debt to pay for the war has left us in deeper hock to China and other foreign creditors.
That may be out of necessary caution Indian aviation, with its celebrity CEO gone awol, is loaded with debt and a handicapping price war.
But to facilitate the extraordinary demands of war finance, Congress set a statutory debt limit up to which the Treasury could borrow as needed without further authorization.
While the internal contradictions of the BWS were its ultimately its down fall, the external pressures of the debt accumulation caused by Vietnam War accelerated the process of its demise.
FORBES: Our Fiat Dollar Has Cost the United States $80 Trillion
They explain this in terms of the policies governments used to escape from the debt burden of the second world war.
ECONOMIST: The remarkable demand for low-yielding government bonds
Republicans are wasting no time in establishing their position in the debt ceiling-cum-sequester war: Cut the budget, or we shut down the government.
FORBES: GOP's Threat To Shutdown The Government Is A Dangerous Strategy
Inflation certainly helped reduce America's government-debt burden after the second world war, but far more of the shrinkage came from strong GDP growth and primary budget surpluses.
Our present debt debacle frequents comparison to World War II.
For while some clearly intend to continue to manufacture and publicize allegations of misconduct on their part presumably in the interest of undermining public confidence in President Bush, his national security team, and its conduct of the war on terror America owes them a deep debt of gratitude.
应用推荐