Posts Tagged ‘national debt’
Jobs needed
To the Editor World War II ended abruptly on August 15, 1945. Across America whistles blew, horns tooted, and people poured into the streets to celebrate the end of our four-year nightmare. What a wonderfully joyous relief! It also was the end of millions of stateside jobs, just when we had eleven million returning troops who would need jobs, and our national debt equaled 156% of GNP (vs 99% today). (Editors note: A balanced budget amendment would have meant we could not have ... Full Story
Our Economy
To the Editor, This is a fine mess we’ve gotten ourselves into. Both our unemployment rate and our national debt are ‘way too high, and improving either one will make the other worse. Spending money to increase jobs will increase our debt. Laying off government workers to lower spending will increase unemployment. More unemployment = less consumer spending = fewer new jobs. If we do nothing, we stagnate. The Obama Administration is struggling mightily with this inherited mess, but ... Full Story
The Great American Debt “Roll”
By Fred A. Kingery Courtesy of Center for Vision & Values Financial markets function to discount the future. Usually, by the time you read about something in the newspaper, financial market pricing has already "discounted" that event weeks, months, or perhaps even years before it hits the front page and becomes evident to everyone else. That’s what it means to “speculate. ” The whole world is beginning to seriously speculate that the Treasury is becoming a deadbeat borrower. Normally, ... Full Story
