"This government has done more than any other to improve conditions in developing countries but all the billions of debt relief cannot compensate for the hundreds of thousands of lives that are lost in conflict zones throughout the world each year, " he said.
But still, an all-debt floating-rate purchase does bring back memories of the bad old days of real estate.
Cheyne Capital's SIV was one of many to hit the skids last summer, when investor appetite for debt all but evaporated.
First, securitization of U.K. consumer, mortgage and business debt has all but collapsed.
Bottom line: you can run a trade deficit, reduce government debt, and reduce private debt, but not all three at the same time.
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But is the European crisis all about sovereign debt and the vulnerability of the Euro?
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But all of them would reduce deficits and debt levels below where they would be without action.
Tax cuts, spending on multiple wars and a major recession induced by the collapse of the housing market have combined to spike the U.S. debt burden, while sovereign debt issues have all but blown up the economies of Southern Europe (not to mention the banks, insurance companies and other investors who bought that debt).
It would have been nice to have long since reined in government to avoid an increase in the debt limit at all, but here we are.
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Credit cards are useful for some purposes but they are often the most expensive debt of all, he advises.
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Winding up for the government, defence minister Lord Astor of Hever said Remembrance Day did not just mark the two world wars but "the loss and debt we feel to all those who have died in the service of their country".
But US President Bill Clinton and UK Prime Minister Tony Blair said the targets set out at the Okinawa summit were not only to relieve Third World debt but to offer basic education to all the world's children within 15 years and set new targets to combat killer diseases.
All this adds up to less debt, but at the cost of a slimmed-down middle class.
The sovereign debt crisis exists not only in Europe, but all over the world.
The euro area's consumers have high savings and low debt by rich-world standards but are nervous all the same.
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But if bankrupt borrowers had to pay taxes on all their forgiven debt, they'd never get back on their feet.
But again, all of the capital appreciation went to pay off debt.
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We understand that sacrifice is required of everyone in order to reduce our national debt, but the sacrifice should be shared by all.
We might not all agree that student loan debt should be forgiven but I think most folks are of like minds that, if the federal government continues to promote loans over grants as the way to finance college, then Americans deserve a student loan system that, at the bare minimum, empowers borrowers to take control of the debt management experience.
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The debate over the debt ceiling looked ugly, bitter and partisan, but all sides were able to state their case clearly and forcefully.
For example, believing that driving the country into default on its debt is good for all may be false, but it is not delusional.
So we already had all this debt that had just been piled up, but nobody had noticed because things were going kind of good.
We may have a different prioritization, but we all know we have to do something about the long-term debt.
But because the company has to spend almost all of its money to service debt, the film has been postponed.
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Also, of course, if you leave the euro, suddenly all debts are denominated in euros, but all income is in relatively less valuable drachmas: you get an instant debt spiral.
Moreover, the recession plus many of the policies designed to counter it (but not all of them) have expanded our budget deficit and the accumulated debt to levels unprecedented since WWII.
But it still took us almost 10 years to finally pay off all our student debt.
But then, all too often, the owners vanish when the company runs into debt.
But there would also be a real interest rate of 6% on all outstanding debt.
Our current debt crisis we face today is different, but we still need all of us to pull together.
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