government debt

Another crack in Republic’s foundations: not the size of the debt, but when it’s due

There are so many fractures in America’s foundations it’s easy to lose track.  One is subtle, not like to cause problems — but in a crisis it could became a major or even terminal factor:  the maturity structure of the Treasury’s debt. To save money as the debt has more than doubled since 2000, the government …

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Update on our government’s deteriorating solvency

Summary:    Here are some ugly numbers for August from the Chief Actuary of the Social Security system.  This is a follow-up to Beginning of the end of the Republic’s solvency. Soon come the first steps to a reformed regime – or a new regime. (14 August 2009). Contents Monthly cash flow in 2009 for the US Social Security Administration …

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A situation report about the global economy, as the flames break thru the firewalls

Summary:  The global economy continues to fall towards debt deflation (see here), rare and never cured (WWII was not a “cure”.)   This is a brief look at current dynamics, and the short and medium term futures.    At over 2000 words, it is already too long; supporting logic and evidence must await later posts. This is …

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A certain casualty of the recession: the US Government’s solvency

Summary:  Whatever happens during this recession, one thing is almost certain:  the US government’s balance sheet will be trashed.  Wrecked, perhaps beyond repair. This post discusses what we should do to mitigate the damage, and why such extreme spending is necessary. As described in “The most important story in this week’s newspapers” (22 May 2008), the …

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