Without a doubt, this country’s debt overhang needs to be chopped considerably. But does a large national debt doom a nation to economic ruin? Only if you believe that countries like Germany, France, and Japan are economic bask…
When some new members of Congress recently said they oppose raising the U.S. debt limit, it triggered warnings of “catastrophic consequences.” Indeed, the result wouldn’t be pretty. But here’s what’s at stake as the country’s d…
Debt and government spending are firmly at the top of the new Congress’s agenda. And just the threat that the U.S. wouldn’t pay its bills has traders worried and wondering if the U.S. could end up on the same chaotic economic p…