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Tag: Default


ToonariPost -- A News Mash Up (CC BY-SA 2.0)

Who Profits If the Government Defaults?

Short-selling investors, savvy gold and silver bugs and currency traders—are all people who are closest to and most informed about the U.S. financial system. In other words, likely few people who are reading this page.

Posted on Oct 11, 2013 READ MORE



Shutterstock

House GOP Shutdown an Exceptionally Reckless Waste of Time

Abroad, what is happening in Washington remains to most a mystery of very little interest.

Posted on Oct 9, 2013 READ MORE



Gage Skidmore (CC-BY-SA)

Boehner Doubles Down, Threatens Default

House Speaker John Boehner went on television Sunday to scare the hell out of everybody.

Posted on Oct 6, 2013 READ MORE


Next GOP Move: Impeach Obama!

If the Republicans in Congress are unable to prevent the United States from paying its bills later in this month of shutdowns and deficit limits, I assume their next move will be an attempt to impeach President Obama.

Posted on Oct 3, 2013 READ MORE


Terror Alert Redux

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Posted on Mar 2, 2013 READ MORE



Flickr/Adam Jones

Colleges Suing Poor Students Over Loan Defaults

“The increase in the amount of defaulted loans among poor students comes as President Barack Obama says he wants to expand access to college for working-class families and increase funding for the Perkins program,” Bloomberg reports.

Posted on Feb 5, 2013 READ MORE



facebook.com/DefaultMovie

A Warning to the Next Generation of Student Debtors

Explaining why she is fighting for reform of the student lending industry, Carmen Berkley bursts into tears. She is one of several borrowers interviewed in a documentary by Serge Bakalian, above.

Posted on Jul 10, 2012 READ MORE



Photo illustration from an image by Colin Grey (CC-BY)

Student Debt as a Human Rights Issue

This week on Truthdig Radio in association with KPFK: A student loan crisis just in time for graduation and “More Powerful Than Dynamite” author Thai Jones.

Posted on May 25, 2012 READ MORE


Student Debt as a Human Rights Issue

This week on Truthdig Radio in association with KPFK: A student loan crisis just in time for graduation and “More Powerful Than Dynamite” author Thai Jones.

Posted on May 25, 2012 READ MORE



Flickr / doug88888

The Real Cause of America’s Debt Crisis

Over the past century, America’s rich made their millions and billions through the use of public assets shared by everyone. By virtue of those profits, they have not only a moral, but a rational obligation to pay more for the upkeep of public services. (more)

Posted on Jul 25, 2011 READ MORE



White House / Pete Souza

Calling the GOP’s Bluff

Obama’s in-your-face attitude seems to have thrown Republicans off their stride. They thought all they had to do was convince everyone that they were crazy enough to force an unthinkable default on the nation’s financial obligations. Now they have to wonder whether Obama is crazy enough to let them.

Posted on Jul 5, 2011 READ MORE


For Want of a Compromise

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Posted on Jun 27, 2011 READ MORE


Playing With Default

The current puppet play in Congress—where Republicans sponsored a bill to raise the nation’s debt ceiling only because they wanted to vote it down—would be funny, if only they weren’t risking economic disaster.

Posted on Jun 5, 2011 READ MORE


Greece Isn’t Europe’s Only Problem

Today’s European crisis was precipitated by Greece acting with possibly reckless honesty, and Germany behaving badly.

Posted on Mar 30, 2010 READ MORE


Going Deeper and Deeper Into Hock

Congress just raised our debt ceiling—the amount we’re allow to borrow—by $781 billion. It was either that or default on our treasury notes. This is the fourth debt-ceiling increase since Bush took office—some $3 trillion in total. Dick Cheney may have said that deficits don’t matter, but try telling that to the next generation of Americans, who are going to have one helluva credit card bill to pay off.

Posted on Mar 16, 2006 READ MORE


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