In the past, he has maintained that the Soviet Union could double or triple its debt without any debt servicing problems.
Can you really pay off your debt consistently, without accruing any new debt?
FORBES: Using Zero-Interest Credit Cards To Help Pay Off Debt
Rep. Louie Gohmert, R-Texas, also disagreed with giving up the leverage of the debt ceiling without any guaranteed spending cuts in return.
Similar practices also caused massive systemic exposure to credit default swaps (CDS), as traders bet on credit defaults without holding any of the underlying debt obligations.
The measure represents the latest in a series of Republican concessions on spending and debt issues, with House Speaker John Boehner, R-Ohio, and his leadership team proposing the debt ceiling increase without any spending cuts they had previously demanded to offset the cost.
Refinance any long-term debt now (without increasing the amount borrowed or adding to the term) and lower your overall cost of borrowing.
FORBES: Ugly Truths about the Recession and How to Deal with Them
Without any action from Congress, the government will hit the debt ceiling by mid-February.
FORBES: As We Creep Closer To The Debt Ceiling Limit, Is Your Tax Refund At Risk?
The federal government could even easily continue to pay any interest due on that national debt, without increasing the debt limit.
Obama has increased debt levels with an explosion in government expenditures without any real increase in GDP.
FORBES: We'd All Better Hope Krugman Is Right On The U.S. Debt
However, consider that through this current debacle, without any clear indication of how the monies will be used, the international debt markets most recently allowed Germany to issue debt at 0% interest.
If Obama had just slashed taxes and tax rates without any appreciable increase in government expenditures, the GDP would have risen amid a slight increase in debt levels: a far better return.
FORBES: We'd All Better Hope Krugman Is Right On The U.S. Debt
Most economists, in fact, any serious observer of the situation, says there will be no solution without a major reduction in the debt of the governments in trouble, particularly Greece.
应用推荐