Posts tagged "borrowing"

Hey, GOP: Don't screw up the economic recovery.

The good news: Americans have started borrowing again. The bad news: Americans have started borrowing again. Actually, it’s big news, whether good or bad, because it represents a major change in consumer behavior since the economy began tanking in 2008. It means that for whatever reason, borrowers have enough confidence to once again go into... Read more »

Obama's borrowing tops World War Two's

Writes the Weekly Standard: President Obama repeatedly insists that the debt ceiling must be raised by at least $2.4 trillion. Why this particular amount, rather than, say, an even $1 trillion or $2 trillion? Because $2.4 trillion is Obama’s estimate for what it would take to get him through the next election without needing to deal... Read more »

More scary details about Illinois' borrowing--from the New York Times of all places

State hints that it might need a federal guarantee of the debt. New York Times’ looked at the fine print of Illinois’ proposed bond sales and it should scare the bejabbers out of Illinois taxpayers and voters. The terms of the borrowing, as detailed by the administration of Democratic Gov. Pat Quinn in a prospectus, have... Read more »

Illinois' budget solution: Honesty

Mike Tryon Now, here’s a great idea from State Rep. Mike Tryon, (R-Crystal Lake), who wants lawmakers to account for future debt along with unpaid bills in any budget they pass. As described in Illinois Statehouse: The state uses what is called “checkbook accounting” in drafting its budget. The state must ensure that its expenditures match... Read more »
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