Moral Outrage
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Posts Tagged ‘Treasury bonds

China lecturing US on need to cure debt addiction

September 4, 2011

China‚Äôs leaders, even in their wildest nationalist dreams, could not have imagined a more spectacular reversal of history than that the US should be chastened and no longer top of the (capitalist) class, appealing to China to bail it out and boost world growth. They can no longer resist the temptation to lecture the US, […]

What is in store for the US economy?

August 12, 2011

Between 2001 and 2005 an estimated $2.4 trillion in wealth was created from the refinancing of mortgages and home equity loans. This money was only available because of artificially escalating housing prices. And when this easy money spigot was shut off, a private debt crisis was created. Meanwhile, the Fed does everything it can to […]

IMF warns US debt ceiling delay will damage world economies

July 28, 2011

The International Monetary Fund urged the United States to swiftly raise the debt ceiling to ward off risks of a credit downgrade that could damage the global economy. Facing an August 2 deadline after which the United States may not be able to issue more debt, both sides have so far refused to compromise on […]

What the Military Budget has to do with the US Federal Budget Deficit and Debt Ceiling

July 24, 2011

The bond rating agencies that gave junk derivatives triple-A ratings threatened to downgrade US Treasury bonds if the White House and Congress do not reach a deficit reduction deal and debt ceiling increase. Meanwhile, the total military/security budget is in the vicinity of $1.1-$1.2 trillion, or 70% -75% of the federal budget deficit. [Yet another […]