To break it down to its essential message: credit cards want you to be in debt.
These unborn generations cannot vote on how the money is spent, they cannot ensure that the money will be put to productive uses and they may not be in a position to repay that debt.
FORBES: Government And People Are Both Spendthrifts With Credit Cards
The argument for doing so is that there would be a reduction in the amount of debt that needs to be refinanced in the short term.
Debt management is when you pay a debt counselor to help negotiate lower interest rates and arrange for a payment plan that will allow you to be debt free in 30-60 month.
The other way to take over the club would be to leave some debt in place, but, given that this is what the anti-Glazer camp has been campaigning against, such a move would not play well with fans.
Some argue that one important fix to the system is to allow for student loan debt to be discharged in bankruptcy.
Should this occur, future earnings will continuously need to be set aside in order to satisfy that debt, rather than to facilitate company expansion or provide return to shareholders.
In fact, given that the largest holders of Greek debt, those institutions, are not going to take a loss, the loss to private investors might have to be 100% in order to reduce the debt burden.
After an unprecedented wave of debt relief, it would be a shame to drown in debt again.
"We're only part of a worldwide attempt to cancel this debt because these people will never be able to live in decent conditions until that debt is cancelled, " he said.
The worse the haircuts are for creditors, the harder it will be to issue debt in the future.
"We thought she had money, it is very surprising that her goods are now having to be auctioned in order to recoup funds for a debt, " one of them told CNN.
Last month, the chief secretary to the Treasury said the government would not be able to cancel the debt in the short term.
Avi Tiomkin, a New York advisor to hedge funds who predicted the demise of the euro in 2008, says the market is starting to realize that in the end Germany is either going to be handed the bill for the European debt crisis, in which case its debt will be downgraded below Greece, or Germany will let the euro go.
As long as the courts are the ultimate venue for redress in matters related to debt, there will always be a high number of debt-related cases in U.S. courts.
FORBES: Consumer Attorneys Have a Role in Clogging the Courts with Debt Cases
The nation actually reached its debt ceiling yesterday and, while the Treasury Department says that it can continue to pay outstanding debt obligations and other bills for another two months, there will need to be an all new debt ceiling battle in Congress beginning in February to allow the nation to continuing making payments on its debt obligations.
Many will respond to this by saying that the U.S. remains the cleanest dirty shirt, and that a financial panic is likely to be global in which case investors will flock to our debt as a relatively safe haven.
The check should be payable, as above, to the Bureau of the Public Debt, and be sure to put a note in the Memo Section of your check.
Then there was the lie that an economy saturated in debt could be stimulated to heights of prosperity by splashing on more debt.
Investors were furious that Eurobonds were to be included in Pakistan's debt restructuring.
Foreign investors, who were said to be the main sellers in both debt and equity markets, were also dumping roubles.
So, as a father, as a husband, I will forever be in debt to the women and men of your profession.
Finally, if the aforementioned steps have not proven successful, or your situation is on the more serious end of the spectrum, it might be time to call in the debt cavalry.
To compile a dividend stock buy list, you need to be knowledgeable in cash flow and debt metrics because it is the sustainability of high dividends that make certain stocks attractive.
Greece's official lenders, led by the International Monetary Fund, have been pushing for lower coupons and longer maturities on the new bonds to be offered to existing investors, increasing the debt relief in net present value terms to up to 70%.
WSJ: Agenda: Greek Situation Is Most Serious of Latest Euro Crisis
Indebted governments would be able to transfer debt in excess of a 60% of national income or GDP to a debt reduction fund which would agree to freeze the money owed for 10 years in return for the government carrying out agreed economic reform.
Optimists hope that their expiry in 2012 will allow a grand bargain to be agreed before then: the lower tax rates could be kept in exchange for a plan to stabilise the federal debt as a share of GDP by closing loopholes and cutting spending.
The banking system in Europe may be in dangerous territory due to the sovereign debt crisis, but those issues are not coming home to roost in America to any large degree according to Treasury Secretary Tim Geithner.
FORBES: U.S. Banks Rally, Geithner Says Exposure To Europe Risk 'Quite Small'
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