Suchergebnisse

Since the 1950s, the need to raise the debt ceiling, the statutory limit to the borrowing authority of the federal government, has created highly contentious votes in Congress. In some cases, full blown debt ceiling crisis has resulted, in which default appeared a distinct possibility. This paper attempts to explain why periodic debt ceiling crises take place. It concludes that debt ceiling crises are the product of increased national debt and more frequent instances of divided government, coupled with heightened levels of partisanship and party polarization in the post-1950 period. These conclusions are supplemented by case studies of three debt ceiling crises: 1985, 1995-1996, and the summer of 2011.

THE FINANCIAL MELTDOWN -- DEBT IN TODAY'S WORLD -- ESTABLISHING CREDIT -- THE MORTGAGE MARKET -- THE CREDIT REPORT -- DEBT ELIMINATION STRATEGIES -- MANAGING HEALTH CARE EXPENSES -- PAYING FOR COLLEGE -- IDENTITY THEFT -- SAVING FOR RETIREMENT -- BUILDING YOUR SAVINGS

At the height of the Washington feeding frenzy about the fiscal cliff, the debt ceiling, and sequestration, austerity hawks coined a new label to denigrate lawmakers who were opposed to cutbacks brought on by the cynical manipulation of national debt: "debt deniers." It was a savvy way of turning the tables on those who had gotten traction out of depicting the GOP as hopelessly afflicted by "climate denial." This past year finally saw the climate change threat acknowledged by the worlds leading international finance institutions. Both the IMF and the World Bank have acknowledged that the brunt of the impact will be borne by some of the poorest populations in the world, further jeopardizing their prospects for sustainable development. But neither institution has encouraged, let alone pressed, rich nations to pay climate debts to developing countries that have already felt the effects of climate change. Adapted from the source document.

Testimony issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO discussed managing debt in a time of budget surpluses."

The paper generally describes the segment of public debt management or especially the structure of public debt. It focuses on different kinds of risks which present potential danger for the public debt explosion. It intends to explain the government goal for borrowing money at lowest rate and sustain the fiscal stability. Also, it explains some practical issues regarding this topic for Republic of Macedonia for the period from 2009-2011. In the process of research were implemented several qualitative methods.