Post Tagged with: "debt"

by / on February 19, 2012 at 1:30 pm / in Opinion, World

A Sisyphean Effort

This past week the now hydra-like Greek debt crisis reared yet another one of its re-growing heads. Anti-austerity protests returned to Athens as Greek ministers attempted to acquiesce to the demands of European Union leaders who thought that the problem had already been dealt with. The continuation of the Greek recession, now entering historic periods of length and severity at five years and a 16 percent decrease from pre-recession GDP, should not be seen as a surprise.

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by / on October 31, 2010 at 9:25 pm / in Business, Congress, Content, Domestic, Issue

The Debt Offensive: Focusing on Austerity

The United States’ national deficit exceeds $13 trillion—over $42,000 per US resident. With U.S. gross domestic product (GDP) at $14 trillion in 2009, our debt-to-GDP ratio is 93 percent and growing. Japan enjoyed 90 percent debt-to-GDP levels in 1995. Following two decades of stagnant growth, Japan now risks exceeding 190 percent. 15 years from now, America’s Debt-to-GDP ratio may double as well.

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by / on October 31, 2010 at 8:58 pm / in Business, Congress, Content, Domestic, Issue

The Debt Offensive: Focusing on Entitlements

Negative responses to austerity demonstrate the key danger of entitlement programs in democratic societies: Once they are instated or augmented, they are extremely difficult to diminish or abolish.

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