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  • Global Government Debt Bubble

    The Debt Bubble Continues To Inflate

    Politico has picked up on a story we’ve been following for some time. Eamon Javers reports: “We’re looking at continuous monstrous issuances of federal debt, and it is only a matter of time before appetites are filled up,” said Tad DeHaven, a budget analyst at the CATO Institute, a libertarian … More

    Deficit Spending and Higher Interest Rates Imperil the Recovery

    Long-term interest rates are rising rapidly, with the 10-year Treasury pushing against 4 percent for the first time since the summer of 2008 – before the financial markets collapse. The many influences on U.S. interest rates at the moment are all moving in the same direction – up. One influence … More

    "Terrible" Treasury Auction Exposes Hole in Obama Econ Plan

    The U.S. Treasury auction of long-term bonds on Thursday was “terrible”, in the words of one Wall Street economist, with the rate on the 30 year bond jumping from 4.1 to 4.3 percent. This is just the first sign that the debt-based Obama economic stimulus plan is about to become … More

    We're Already Paying for Obama's Debt Tsunami

    The New York Times reports today: As the Obama administration racks up an unprecedented spending bill for bank bailouts, Detroit rescues, health care overhauls and stimulus plans, the bond market is starting to push up the cost of trillions of dollars in borrowing for the government. Last week, the yield … More

    Is Government Now A Bad Credit Risk?

    The credit crunch is hitting Washington, DC, as Uncle Sam maxes out his credit cards. In addition to the enormously costly Obama budget, all the multi-trillion dollar bailouts, stimulus, and government expansion plans depend on one thing—the ability of the U.S. government to get money and spend it. Uncle Sam … More

    The Global Government Debt Bubble: Local Government Edition

    We’ve warned before that the federal government’s exploding appetite for debt was helping to create a Global Government Debt Bubble. The Obama Administration has even been trying to worsen the problem by lobbying other countries to borrow even more money, despite the fact that our own record borrowing makes their … More

    Britain’s Public Debt: Up By 1.4 Trillion Pounds This Week

    On Monday, if you accept the OECD’s figures, Britain’s public debt was 42% of GDP, or about 600 million pounds. Today, Britain’s public debt is about 142% of GDP, or about 2 trillion pounds. In one week, Britain’s debt has increased by 1.4 trillion pounds. That’s 2 trillion dollars of … More

    The Global Government Debt Bubble: Hitting Close to Home

    Last month Heritage fellow J.D. foster wrote: The global recession has caused deficits to balloon almost everywhere, and governments worldwide are considering their own massive programs to stimulate their economies. So the United States will be offering this great wave of federal debt to the credit markets while most other … More

    Britain’s Failing Credit

    Last week, Moody’s Investors Service warned that the increase in U.S. debt caused by the ‘Economic Stimulus’ Act could hurt the country’s AAA credit rating. According to Moody’s the public debt as a percentage of the total economy (GDP) will jump 21.6 percent, up to 62.4 percent of GDP by … More

    The Global Government Debt Bubble: Ireland Edition

    Last month Heritage fellow J.D. foster wrote: The global recession has caused deficits to balloon almost everywhere, and governments worldwide are considering their own massive programs to stimulate their economies. So the United States will be offering this great wave of federal debt to the credit markets while most other … More