When Treasury Secretary Tim Geithner proposed a permanent debt ceiling extension during the last round of negotiations, McConnell reportedly laughed in his face.
The U.S. government narrowly avoided a shut down, but a permanent solution to nagging debt and other budget issues must still be negotiated.
It is clear that he would never allow Berkshire Hathaway (let alone his personal finances) to operate with substantial debt and permanent operating losses.
FORBES: Buffett's Billions Can't Buy Him Exemption From His Tax-Averse Past
Once a homeowner is approved for permanent modification, what kind of debt load is he or she left with?
FORBES: Let's Do The Default Again: The HAMP Horror Picture Show
Debt mutualisation can be devised to stop short of a permanent transfer union.
He was all for giving the wealthy a permanent break on taxes -- and wants to increase the nation's debt by having us pay for more tax havens for the rich.
The permanent mechanism of crisis management has been set up in the wake of the Greek debt crisis, where a multi-billion Euro bailout was required.
Shuffling debt around, or pooling one's debt with that of one's similarly distressed neighbours, will provide no permanent solution.
The permanent crisis mechanism is intended to prevent contagion spreading among eurozone economies should there be another major debt crisis in one of the weaker members.
The Deauville deal envisages, on the one hand, a permanent financial rescue fund and, on the other, progressive sanctions on countries which overshoot the maximum debt level allowed under the EU's Stability and Growth Pact, which is 60% of GDP.
In Europe, it looks like the European Union has been successful again in at least kicking the eurozone debt crisis down the road, and perhaps even setting the stage this time for its eventual permanent solution.
FORBES: Feeling That European Springtime Swoon Coming On Again
应用推荐