Tag Archives: debt
The Fine Print
One of the many calamities attendant on the debt ceiling debate is the imminent loss of America’s AAA credit rating. If our leaders can’t agree to raise the debt ceiling, rating agencies will lower our credit rating. Think about that … Continue reading
Filed under Finance
Debtor Nation
Somehow the debate over raising the debt ceiling has been transformed into a debate about defaulting on America’s national debt. We have too much debt already. No one disputes that. So, the responsible thing would be not to take on … Continue reading
Filed under Finance
Borrowing Without Limit
CNN warns of grave consequences if Congress “blows the debt ceiling.” That is, if Congress fails to raise the debt ceiling – not blow through it, which would seem a more natural use of the expression. The only responsible choice, … Continue reading
Filed under Finance
