The Economy Is In Total Free Fall (& Everyone Knows It) | The Kyle Kulinski Show

 

Idiotic Trump Gaffe: Stock Market And National Debt

Trump Owes BIG Money To MANY People

Senator Elizabeth Warren on the #InTheRed Campaign to Tackle the Student Debt Crisis

Debt Slavery...the New Normal for Students?

Middle Class Prosperity Project Forum on "Tackling the Student Debt Crisis"

A Roundtable with President Barack Obama: The Cost of Education

Sen. Warren Introduces Bank on Students Emergency Loan Refinancing Act

ACA keeps individuals out of debt

Government Debt And Deficit: Obama vs. Bush

Ed Schultz: How about a student loan debt bailout?

Putting a face to the student debt struggle

Senate fails unemployed again

Stop Freaking Out About the Debt! 5 Reasons There Is No Debt Crisis | Alternet

Stop Freaking Out About the Debt! 5 Reasons There Is No Debt Crisis | Alternet
"In conclusion: the “debt crisis” is a mere phantom — only one of many possible futures, and far from a certainty. The interest America is paying on its debt  is currently lowerthan it was in the 1990s, despite a lower debt-to-GDP ratio then. When inflation is factored in, current real interest rates on our debt  are negative. Financial markets are willing to pay us to borrow from them.

Meanwhile, every dollar we cut — nay, every dollar we fail to borrow — is a dollar that isn’t going to shore up the safety net, to rebuild the country’s infrastructure, or to support struggling Americans while their livelihoods remain on the line. That we’re passing on this opportunity to repair our country, much less even considering the monstrosity that is the Ryan budget, really is absurd."

Republicans: There's No Debt Crisis, We Just Want to Screw the Poor | Alternet

Republicans: There's No Debt Crisis, We Just Want to Screw the Poor | Alternet
"Admitting that there’s no immediate crisis illustrates that the GOP’s proposed monstrous cuts to social welfare programs are more an attempt to push through their ideology than save the country from collapse. As the media continues to hyperbolize the deficit, the need for compromise and the instantaneous dangers that will occur if we don’t impose austerity cuts, Republicans are happily using the spin to quickly demand these absurd cuts. But now, especially with both parties acknowledging that there’s no immediate debt crisis, we must demand an honest, smart budget from Congress."

Memo to Washington: Private Debt Threatens Our Economy, Not Government Deficits | Alternet

Memo to Washington: Private Debt Threatens Our Economy, Not Government Deficits | Alternet
"The debt we are talking about is private-sector debt. But most officials this afternoon focus on government debt and budget deficits as the problem – especially social spending such as Social Security, not bailouts to the banks and Federal Reserve credit to re-inflate prices for real estate, stocks and bonds."

Guess What? The Debt Everyone Is Freaking Out About Does Not Exist | Alternet

Guess What? The Debt Everyone Is Freaking Out About Does Not Exist | Alternet
"Refusing to tackle that all-too-real crisis with the full range of economic resources at our disposal is a shameful moral and political failure. Especially when the reason we’re refusing is fear of shadows cast on the wall."

The Republican Debt Ceiling Gambit Is Unconstitutional

The Republican Debt Ceiling Gambit Is Unconstitutional: House Republicans are backing away from their threat to plunge the United States into a catastrophic budget default and will instead pursue the somewhat less reckless strategy of passing a three-month increase in the debt limit. According to House Majority Leader Eric Cantor (R-VA), the bill will also contain a provision cutting off congressional pay [...]/p

The Bain Way: Let the States Pick Up the Tab on National Debt?

The Bain Way: Let the States Pick Up the Tab on National Debt?
"Romney has had one major business experience - founding and running a private equity firm called Bain Capital, something very different than his father, who ran a car company. In the past several weeks there have been two detailed investigative stories on how he ran his private equity firm, and there has been much discussion in the media on how he ran his business differently than others: It has been dubbed, "The Bain Way"."

Moody's Threat to Downgrade US Debt is Political, Not Fiscal | Common Dreams

Moody's Threat to Downgrade US Debt is Political, Not Fiscal | Common Dreams
"Moody's threat this week to downgrade the US government's credit rating says a whole lot more about the credit rating agency than it does about the US debt situation. It is really a way of telling the world that Moody's is making a political statement, rather than an assessment of risk for investors who want actual information about US Treasury securities. This is really an embarrassment for Moody's – since they are supposed to be evaluating risk – although most of the media didn't seem to notice."