W. Bush, merely asked Americans to consume, to spend, to go into more debt in order to stave off national financial collapse.
But there are concerns that the debt restructuring doesn't go far enough in cutting Greece's debt burden.
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They will also be able to exploit their balance sheets to scout for deals in real estate and distressed debt, both virtual no-go areas in 2008.
In short, Greece probably cannot go the way of New York City in addressing its debt problems.
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Assuming that the market for new stock offerings can rebound, some of the debt will go away in place of equity capital.
He will also, relatively soon, put forward his specific ideas for how we -- to the super committee, and Congress in general -- for how we go big on deficit reduction and debt reduction -- bigger, in fact, than has been mandated for the super committee.
"We believe that no one should have to go into debt for the basic things in our lives, like healthcare, housing and education, " Gokey said.
Others want to go much further and cut the debt held in private-sector hands before it gets to this stage.
Your best option is to spend within your means, only go into credit card debt as a last resort in a genuine emergency, and pay off the balance as quickly as possible.
But for companies that do not have that kind of capital on hand, they will likely issue longer maturing debt, which is bad for corporate bond holders that are invested in shorter duration debt as demand will go towards the longer dated bonds yielding more interest.
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Some people sue debt collectors in hopes of making them go away.
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Then you go out and buy a new car, putting yourself deeper in debt.
Some 30% of home sales these days are purchases of foreclosures or "short-sales, " in which a property is underwater and the sellers' banker has agreed to forgive some of the debt in order to allow the deal to go forward.
College kids are often told that it's OK to go into debt for their education because student loans are an investment in their future.
Most of them are going to graduate twenty to fifty thousand dollars in debt, much more than they would pay to go to one of the many Commonwealth Campuses across Pennsylvania.
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"It's looking more than likely that the Greek debt deal will go through, which is reducing some concerns in the market right across a region, " said Peter Esho, chief market analyst at City Index in Sydney.
And through that process, you've got millions of people all across the country who are able to actually go back to school without incurring the huge debt loads that they had in the past -- although, obviously, the cost of a college education is still really high.
Not surprisingly, Germany has taken the lead among European countries in strongly opposing U.S. intentions to go public with a specific debt deferral plan for the former Soviet Union.
With Europe in recession and suffering from a sovereign debt crisis that refuses to go away, China managing a slowdown to contain inflation, and the U.S. muddling through, corporations have had a hard time finding buyers.
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This, of course, explains the rush, beginning in 1991, of leveraged companies to go public or sell stock to pay off debt.
In order to acquire the skills you need, you'll have to go into debt.
Not so in consulting: Silberman's debtor clients either go out of business or climb out of debt--either way, they probably won't need his services again soon.
Even voters in North-Rhine Westphalia, the most heavily-populated German state, rejected her party in favour of the Social Democrats (SPD), who promised to go easy on cutting debt.
The next step is to relieve the burden that so many young people are feeling in terms of the amount of debt that they're taking out just to go to school.
The changes come on the heels of a 5, 000 word New York Times story published in January, which looks at law school grads who have piled on debt to go to school and face bleak job prospects.
Which means, debate on the debt ceiling will be heated and go to the last minute (as it frequently has in the past, with no ill consequences other than political fallout).
But in most cases they pay on time - while players at the debt-soaked giants might go months without seeing a paycheck.
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