debt

Origins of a Debt Economy

"Winterspeak" wonders if I would bet on the U.S. defaulting. Here are the alternatives that I can think of, and the odds I would give to them:

Anyone who's even remotely following the narrative impact of our current economic woes on the deficit should be well aware that our government is living way beyond its means. And in fact, it was living way beyond its means in debt and liabilities even before this economic crisis began.

Media pollsters of late have noted the remarkable uptick in public optimism about the economy since President Obama's inauguration.