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Debt Crisis

The World Financial Cup

Robert Kuttner | Posted 09.12.2014 | Politics
Robert Kuttner

Germany represents everything that's wrong with the world financial system. Argentina is the epic case of countries whose economies are screwed by policies championed by Germany -- and unfortunately by the United States as well.

Greece at the Helm of the EU, an Irony in the Making

Justine Frangouli-Argyris | Posted 03.08.2014 | World
Justine Frangouli-Argyris

It is ironic that Greece, in the throes of its debt crisis, is preparing to assume the presidency of the European Union officially as of January 8. Pa...

Occupy's Rolling Jubilee Keeps Rolling -- and the Band Plays On

Jerry Ashton | Posted 02.03.2014 | New York
Jerry Ashton

Occupy Wall Street's "Strike Debt" (SD) working group and its "Rolling Jubilee" (RJ) operation is partying like the music will never end. And, if the...

GOP Debt Ceiling Truthers Want You To Listen To Them, Not The Experts. What Could Go Wrong?

The Huffington Post | Nick Wing & Shadee Ashtari | Posted 10.16.2013 | Politics

There's still hope that catastrophe could be averted as a deal to raise the debt ceiling gains traction in Congress, even among Republicans who have a...

Debt Crises Killed 900,000 Jobs: Study

The Huffington Post | Mark Gongloff | Posted 10.15.2013 | Business

For the past few years, the Republican approach to governance has been to cause a series of Breaking-Bad-like cliffhangers, with ever-more destructive...

Debt Crisis: National and International (Ki Tavo, Deuteronomy 26:1-29:8)

Rabbi Shmuly Yanklowitz | Posted 10.20.2013 | Religion
Rabbi Shmuly Yanklowitz

Excessive mortgage debt, student loan debt, medical debt and more have placed untenable burdens upon millions. As we learn from our Torah portion, a cursed society is one in which factions are trapped in merciless power dynamics as debtors.

Oppressive Mortgages and Student Debts? Check Bible and Quran

Rabbi Arthur Waskow | Posted 09.15.2013 | Religion
Rabbi Arthur Waskow

What if the American people proclaimed through action that after seven years of payment, the first $180,000 owed on owner-occupied home mortgages are annulled, released?

GDP Bag of Tricks

Michael Pento | Posted 06.30.2013 | Business
Michael Pento

It all comes down to this, the U.S. government will not be able to service its debt once interest rates normalize, and that will be the sad truth regardless of what voodoo tricks Washington uses to report GDP.

What Happened To France's Voice In Europe?

Reuters | Posted 06.24.2013 | World

By Luke Baker and Mark John BRUSSELS/PARIS, April 24 (Reuters) - A few hours after midnight one Sunday last month, as negotiations ove...

Great Recession Creates 'The New Homeless'

The American Prospect | Posted 03.27.2013 | Politics

In the Denver suburbs, as in much of the U.S., the Great Recession turned formerly stable families into the new homeless—and left many living in bud...

Boehner: I 'Absolutely' Trust Obama

Posted 03.17.2013 | Politics

By THE ASSOCIATED PRESS WASHINGTON — House Speaker John Boehner says he "absolutely" trusts President Barack Obama – not that they don't have t...

Europe Faces New Political Reality at Harvard

Lisa De Bode | Posted 05.05.2013 | World
Lisa De Bode

There is no one European identity, no one voice that speaks for the myriad of countries that make up the EU. Before increased monetary and fiscal integration can take place, European leaders need to focus on enhancing their political union.

What Would a Trillion-dollar Coin Mean?

Stephen Zarlenga | Posted 03.25.2013 | Politics
Stephen Zarlenga

Considering the destruction the banks have wrought, shouldn't our nation revisit the foolish policy of giving banks the license to create our nation's money, then having our government borrowing that money and paying interest on it?

Zach Carter

Obama Can Face Down His Deficit Demons In 2nd Term

HuffingtonPost.com | Zach Carter | Posted 01.20.2013 | Politics

WASHINGTON -- It may come as a surprise to President Barack Obama's critics, but the one domestic issue that defined his first term in office was redu...

Fiscal Fiasco Solved? Not Even Close

Aaron Wang | Posted 03.16.2013 | Teen
Aaron Wang

The fiscal cliff deal we were given was fashioned in a matter of days with too little revenue initiatives, no spending cuts, no debt ceiling resolutions, and a cornucopia of corporate tax extensions.

GOP Rep: 'It's About Time' We Have Another Government Shutdown

The Huffington Post | Chris Gentilviso | Posted 01.08.2013 | Politics

As Congress readies for another debt ceiling debate, one Republican is convinced that a government shutdown is the solution. Rep. Matt Salmon (R-Ar...

GOP Senator Reveals Situation Where All Of Congress 'Should Be Fired'

The Huffington Post | Chris Gentilviso | Posted 01.06.2013 | Politics

Sen. Lindsey Graham (R-S.C.) has drawn his line in the debt-ceiling sand for Congress. Find a way to raise the limit and cut costs, or face consequenc...

Lawmakers Hold Serve On Debt Ceiling Divide

AP | ANNE FLAHERTY | Posted 03.08.2013 | Politics

WASHINGTON — Congressional leaders on Sunday showed no signs of emerging from their corners to resolve the next step in the financial crisis, wi...

Our Congressmen Should Play Civilization

Michael Shammas | Posted 03.04.2013 | College
Michael Shammas

Yesterday I was playing Sid Meier's popular computer game, Civilization V, when I realized my economy was floundering. And by "floundering," I mean I couldn't afford to buy a toothpick. Why? Because for decades, my government had been spending too much and making too little.

Junior State Averts the Fiscal Cliff

David Cahn | Posted 02.27.2013 | Teen
David Cahn

In a new activity known as Solution Central, students were forced to converge on a solution to the fiscal cliff. On November 17, they met at the Northeast Fall State to engage in a productive dialogue.

Ben Hallman

The Self-Serving Reason CEOs Are Giving In On Higher Taxes

HuffingtonPost.com | Ben Hallman | Posted 12.12.2012 | Business

After spending months opposing tax increases for the wealthiest Americans, the Business Roundtable, an influential corporate lobbying group, this week...

Ian Gray

Alan Simpson, As A Senator, Said Social Security Benefits Should Not Be Cut

HuffingtonPost.com | Ian Gray | Posted 11.28.2012 | Politics

Former Sen. Alan Simpson (R-Wyo.), an outspoken proponent of cutting Social Security who has referred to it as a "ponzi" scheme, has not always been s...

Stuck Between the Fiscal "Cliff" and a Hard Place -- But There's Another Way

Terry O'Neill | Posted 01.27.2013 | Politics
Terry O'Neill

The fiscal cliff is a made-up crisis. A big, fat fraud. Not to mention, a fraud that disproportionately threatens the well-being of women and their families.

It's the Interest, Stupid! Why Bankers Rule the World

Ellen Brown | Posted 01.08.2013 | Business
Ellen Brown

This is not rocket science. By developing a public banking system, governments can keep the interest and reinvest it locally.

The Medical Debt Crisis Isn't Going Away... Deal With It

Credit.com | Posted 12.19.2012 | Money
Credit.com

As tens of millions of Americans are paying off medical bills over time, the potential for damaged credit is great. Many government agencies are beginning to take notice. Unfortunately, the consumer credit reporting industry is fighting efforts for consumer protection every step of the way.