The combination of increased spending and a decrease in tax receipts does cause debt to appear to be out of control.
Well, it may be hard to borrow your way out of debt, but sometimes it buys time, andtime is money.
Deficits tend to scare bond investors because governments can be tempted to inflate their way out of debt, which means that bonds lose value in real terms.
For many 20-somethings, graduating will be a time to start digging out of deep debt while juggling financial independence.
And as he points out, there may be other reasons to believe that big investors' love affair with bonds, especially government bonds, may be supplanted by a restored affection for equities - or to use the dreadful jargon, this may be a year of "rotation" out of debt and into shares.
If we had lived by this simple principle over the past several years, we would be facing out-year deficits that would be roughly 2 percent of the economy, and debt as a share of the economy would be declining rather than rising.
However, it also could be that recent history will play out again and the EU debt crisis will be back on the front burner of the market place, which could further boost gold on better safe-haven investment demand.
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Even as they were professing their purity to the SEC in response to Mr. Cutler's call, many firms turned out to be enticing ignorant borrowers into taking out mortgages they couldn't afford, unloading portfolios of toxic debt on unsuspecting clients and manipulating one of the world's most widely used interest rates for their own benefit.
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If Chancellor Merkel could then agree to some form of mutalisation of eurozone government debt, well, a workable way out of the crisis might actually be in sight.
In America, Britain and elsewhere, these treat student debt as a special case: unlike other forms of debt, it cannot be wiped out.
However German centre-right MEP Werner Langen pointed out that all countries feared to be at risk of a debt crisis - namely Greece, Portugal and Spain - had socialist governments.
Getting out of debt requires commitment and sacrifice, but be aware of the tools you have and use them wisely.
This threw cold water on hopes there would be some big announcement on fixing the EU debt crisis coming out of the EU summit meeting late this week.
In 2007 we expected out our gross debt in 2010 would be 42.5% of GDP in 2010.
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That is because the vast stock of public debt to be issued by rich countries may crowd out Latin American borrowers.
Through the plan, whose final details are still being worked out, American will also be able to shed a significant amount of its debt, providing the new company with an added fresh start.
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But if recent history plays out again, the EU debt crisis will be back on the front burner of the market place.
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He understands that the country needs progressive financial reform and has laid out a strategic policy of specific cuts that need to be made to solve the debt problems.
It seems to us that should Japan run out of domestic savings to finance its debt, that it would be forced to monetize it by printing their way out.
The bankers, it was said, would take a longer view and be more understanding of downturns than the fickle stock- or debt-markets sought out by firms elsewhere.
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Credit counseling or a debt management service may be the right option if your bills are out of control or you have trouble making a budget.
Some key economic data coming out of Germany on Tuesday and Wednesday will be the next major pieces of the EU debt equation that traders will closely evaluate.
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He said it was worth giving up higher growth to concetrate on paying off the national debt, which he believes should be wiped out altogether by the end of the decade.
Likewise, if it turns out to even one percentage point worse, then debt would be heading to 150% of GDP by 2060, not 107%.
The Cyprian people will take a hit, as have the populations of every country that had to be bailed out in this never-ending European sovereign debt crisis.
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And while there has been speculation that it might withdraw, or even be kicked out, of the euro, most think this is unlikely - not least because as its debt is euro-denominated, its exit from the currency would make refinancing even more expensive.
The consequences, as Secretary Geithner and many others, including the Speaker of the House, Senator Minority Leader, Congressman Ryan have pointed out, the consequences of not -- of failing to raise the debt ceiling would be Armageddon-like in terms of the economy on -- the impact on interest rates, on job creation, on growth would be devastating.
If Congress imposes a hard budget constraint on itself by refusing to raise the debt ceiling and establishes Social Security and interest on the debt as priority must-pays out of revenues before any other programs may be funded, it would require total other, non-priority spending to be reduced not quite one-third on average during the next ten years.
If necessary, you may be able to get rid of the rest of your debt by filing for bankruptcy while keeping your home out of foreclosure.
Allowing just a bit more inflation out of the bottle would also make it easier for countries to get out from under the mountains of debt they have taken on in recent years (they would be paying the debt off with inflated currencies).
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