Terengganu’s debt soars despite return of royalties

Terengganu’s debt soars despite return of royalties One night, when I was unable to fall asleep, I opened up the Auditor-General’s report, ... , the state government’s debt to the federal government has been rising during the same period: 2003 - RM891 ... These are largely due to federal loans, taken out for water supply and low-cost housing projects. [more...]

Date: 2009-01-15 11:31:06

Blog posts (33) | Videos (15)
 

Monetary Policy and Economic Shocks

OSO writes from down under: Monetary Policy and Economic Shocks: Poor Ben Bernanke. You gotta feel for the poor guy ... by an overvalued US dollar that will eventually fall. 4) High levels of Federal government debt ... Bubble - deflationary US Dollar devaluation - inflationary Public Debt - inflationary If we were [more...]

Date: 2008-07-29 10:31:00

U.S. Government's Debt Problem

Although Treasury bond prices have come off the boil in recent days, yields remain substantially below where they were two months ago ... packages have set the stage for a massive increase in federal government debt issuance in the months [more...]

Date: 2009-01-07 07:11:29

When will the Recession end? Here's a collection of opinions.

This is the subject of my Mini poll which I invite you to vote in just below my Web site clock to the right ... global in New York.Don't count on debt-laden households to spend their way back to growth. As for banks ... , which means they are unlikely to throw open the cash spigots. The federal government is mired in debt [more...]

Date: 2009-01-04 07:44:00

The Corporate Elite & Uncle Sam at their WORST!

-------------10/26/2008"Jonathan Melle", who lives in the bottom 10% of America's income & wealth set, via the U.S. Government, which has over $10 trillion (nominal) and counting higher in federal government national debt, now owns shares in my nation's corporate elite financial institutions, including, but not limited to, [more...]

Date: 2008-10-26 19:56:00

$1.2 Trillion Deficit & You - #TCOT #diggcon #statebooks #pork

Bill Smith, ARRA Editor: As President-elect Obama and congressional Democrats propose various ideas for a potential $1 trillion stimulus bill, ... massive national debt. The Post writes, “At $775 billion over two years, the package under discussion would represent a massive and risky expansion of the federal debt even if the government were [more...]

Date: 2009-01-07 17:58:00

The Most Important Number for Technology Policy in 2009

Is $1,200,000,000,000.00.  That’s the expected 2009 Federal budget deficit.  Since the current Federal debt is estimated at a “mere” $10.6 trillion, this means that we’re expected to add nearly 9% in a single year to a debt accumulated ... in history as the man who finally caused the U.S. government to default on its unmanageable debt [more...]

Date: 2009-01-08 20:59:16

Bush Approves $17.4B Greenless Bailout for GM, Chrysler

President Bush has announced the federal government will provide $13 ... , the government will demand immediate repayment. Ford is not seeking immediate aid. Treasury Secretary ... compensation and eliminate perks such as corporate jets. Debt owed to the government would be senior [more...]

Date: 2008-12-19 17:30:34

Starving the Unemployed

During the Bush administration, the federal debt ” nearly doubled,” going from $5.7 trillion to $10.6 trillion ... policy. Many denied that government could help, government is always the problem, never the solution ... of us were so worried about has now come to pass. Because of the high levels of government debt [more...]

Date: 2009-01-09 01:44:44

Palin: ‘We Shouldn’t Worry About Government Having Enough Money’

During an interview with a local television affiliate in New Hampshire yesterday, Gov. Sarah Palin (R-AK) ... the expenditure of those public dollars. However, today during a rally in Maine, Palin suddenly became ... and the guts to confront the $10 trillion debt that the government has run up. We will balance the federal [more...]

Date: 2008-10-16 16:42:46

That is the one question we are asked every single day.  Homeowners are confused with their options (or in some cases, their lack of options) ... is not doing the same tax relief as the federal government.  You may have a state tax liability ... the entire debt (on your first and second loans [more...]

Date: 2009-01-15 21:07:27

THINKING ABOUT TOMORROW

Social Security and Medicare are on a course to eventually crowd out every other government program or usher in a significantly larger federal ... and local governments. Suppose Social Security and Medicare were ended tomorrow -- collecting ... the liability owed to those nearing retirement (55 and older) more than doubles the accrued debt [more...]

Date: 2008-12-03 13:36:58

American Opportunity Tax Credit

As a general rule, I typically oppose almost all federal government spending on anything other than the responsibilities expressly outlined in our Constitution. I believe that such expenditures result in waste, corruption, debt and a limiting of the right to “life, liberty and the pursuit of happiness”. Much of government sponsored financial aid has really only served to drive up the price of a college education and increase the amount of our national debt. [more...]

Date: 2009-09-23 11:00:09

Opinion: Spend, spend, spend the mantra of lawmakers

YOU MIGHT GET A lot of opinions why the federal government’s balance sheet - predicted yearly deficits in the trillion-dollar range and an overall national debt of well over $10 trillion - is what it is. But the simple explanation is that Uncle Sam cannot resist spending more money than there is to spend and has been doing so out of habit for many years.One need only look at a single spending bill passed last week by the Senate to understand that, for all the lip service lawmakers give to fiscal [more...]

Date: 2009-09-28 22:02:20

Mavericks lose 102-100 to Orlando

Somebody should call the federal government for some sort of bailout for the Mavericks ... in debt Friday night when they threw away a fourth-quarter lead and dropped a 102-100 decision to the Orlando Magic for their fifth consecutive loss. It also nosedived their record at American [more...]

Date: 2008-11-15 04:06:56

Starving the Unemployed

During the Bush administration, the federal debt " nearly doubled," going from $5.7 trillion to $10.6 trillion ... of us were so worried about has now come to pass. Because of the high levels of government debt [more...]

Date: 2009-01-09 00:23:00

Senate Steineger Addresses Address to AFP Summit

We received this email from State Senator Chris Steineger earlier today, and we wanted to share it with you uncut and unedited ... , huge credit card debt for throw away consumer goods, and driving gas guzzler vehicles exemplify ... . Our government and its people have been living well beyond our means. The increased National debt, the federal [more...]

Date: 2009-01-14 20:07:00

GMAC: Snatching Victory From the Jaws of Bailout Defeat

It is much easier to win when you let the federal government do your negotiating for you ... , as a crucial $38 billion debt-exchange offer foundered and co-owner General Motors was struggling with the specter of bankruptcy. Yet GMAC succeeded, garnering $5 billion in Troubled Asset Relief [more...]

Date: 2008-12-30 12:43:00

Fed Talk "Slaves 'R' Us"

Bernanke: More bank bailouts neededNEW YORK (CNNMoney.com) ... guarantees of their debt could be necessary, in return for the federal government receiving further [more...]

Date: 2009-01-13 17:12:00

Citigroup (C) And The Senate: The Myth Of Saving The Mortgage Market

Citigroup (C) ... , saying banks that have accepted federal aid should be doing more to help homeowners wrestling with debts they can't pay." There is a great deal of evidence, some of it from the federal government [more...]

Date: 2009-01-08 11:22:10

An Alternative to the Stimulus (Rep. Jim Jordan)

The talk of Washington this week is the $850 billion Democrat stimulus bill – with massive federal spending as our country’s debt tops $10 trillion. The big-government approach is supported [more...]

Date: 2009-01-14 17:14:08

The Federal Government may be counting on Middle America's spending to shore up the economy, ... accounts. In the past few months, we've begun paying down debt and putting money aside for a rainy day ... , there's no ladder tall enough to help them see over the top. Some have ended up in this position [more...]

Date: 2009-01-15 14:26:27

Optimal Fiscal Policy with a Liquidity Trap and Gridlock

Robert WaldmannI'm still thinking about Krugman's excellent little model which gives the very clear result that optimal macro policy implies that ... for Government consumption (G) sooner or later so they don't count the federal debt as part of their net [more...]

Date: 2009-01-13 10:19:00

Pawlenty on the Bailouts

Pawlenty on the Bailouts Jennifer Rubin - 12.08.2008 - 7: ... , there’s one small problem with the whole concept and that is by any reasonable accounting standard, the federal government of the United States is broke. They’re using credit card debt to pay off credit [more...]

Date: 2008-12-08 12:53:34

GM and Chrysler get US$17.4 billion bailout

They’ve done it, the Detroit boys have managed to secure federal emergency loans to execute their plans to stay afloat ... stock, firms must accept limits on executive pay and eliminate perks such as corporate jets, debt owned ... and emissions requirements, and firms must not issue new dividends while in debt with the government. Ford [more...]

Date: 2008-12-21 09:09:13

As expected

MSNBC (19/12) In another about-face, the Bush administration says Congress needs to free up the second half of the $700 billion federal bailout ... real-estate debt coming due, some of the country’s biggest property developers have become the latest to go hat-in-hand to the government for assistance. They’re warning policymakers that thousands [more...]

Date: 2008-12-22 09:44:36

Obamanomics - The Not New Deal

Based on Mr. Obama's speech yesterday, the federal government plans to spend it's way out of this recession mounting a trillion dollar or more ... much worse, and subject our children and their children to an unbelievably enormous debt ... people to spend and accrue more debt is a path to further destruction. The way out of debt [more...]

Date: 2009-01-09 17:15:00

Charting the Effects of the Financial Crisis

It takes more than wind to make turbines spin. ... and unable to repay their existing debt. This situation can lead to a domino effect — “contagious ... t have money to buy bread. So the federal government [more...]

Date: 2008-09-23 00:44:21

Will the Federal Government Provide Bankruptcy Financing?

One topic we've mentioned from time to time is the near disappearance of the debtor in possession financing market and why that is a more serious ... to other debt, to pay all those bills during the Chapter 11 process. No DIP, no Chapter 11 for a lot [more...]

Date: 2008-11-25 06:35:10

Federal Financial Guarantees Are Worthless

The time is nearing when a cluster of demands will be placed on government that it is entirely incapable of meeting ... as they attempted to shift the cost of guarantees (insurance) onto others and away from themselves. FULL ARTICLE Related posts:Whose Debt? There’s a very easy way to fix the “federal budget [more...]

Date: 2009-01-15 08:30:55

Home sweet home builders?

Hopes that government intervention will bolster the housing market are giving a boost to home-builder stocks ... and other debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Banks. Now reports [more...]

Date: 2008-12-05 00:38:41

No Pork, Part II (by Russell Roberts)

Obama is aware that a few people might be skeptical of the government's ability to spend 500 or so billion dollars quickly and wisely ... be a piece of cake: The mounting debt has raised an alarm on Capitol Hill, where some Republicans ... of the late-1980s, when overspending automatically triggered across-the-board cuts to federal programs [more...]

Date: 2009-01-07 15:50:01

TARP II Demands Real, Thorough Debate

On Monday, President Bush made a request on behalf of the incoming administration to release the second half of the $700 billion that Congress ... when we are just about to begin consideration of a $1 trillion stimulus plan. The last thing we need is more debt upon debt ... the federal government should help do that. But as we consider spending another [more...]

Date: 2009-01-15 19:20:26

33 Results