Ted Michalos: So, we should actually say very clearly that so we haven't said anything
about government debt so far.
There are several websites that provide information
about government debt relief grants.
President Obama has called for federal funding of preschool programs, and the issue has received strong support in Congress despite concerns
about government debt and partisan gridlock.
You know how we're always talking
about government debt?
There is validity to the concept of «off book» debt, and it's true that Social Security payments don't show up in standard accounting projections, but debates
about government debt already factor that in.
The public was still worried
about government debt.
Foreign visitors to the Reserve Bank over the years have tended to raise questions about household debt much more frequently than they have raised questions
about government debt.
Republican Senator Rand Paul pointed to the market sell - off last week as evidence of an «undercurrent of unease» among investors worried
about government debt and inflation.
Not exact matches
The
government already spends
about $ 12 - billion each year to pay interest on its
debt,
about 8 per cent of revenue.
On Monday, the yen slid towards 99 per dollar, its lowest in nearly four years, as markets prepared for the BOJ to start buying
about 70 percent of
debt issued by the
government.
The interest rate on 10 - year bonds was 1.79 % at the end of 2014 —
about half as much as the federal
government had to offer to get investors to buy its
debt a decade ago.
There were a few dissents, but a majority of the Monetary Policy Committee also opted to create # 60 billion (
about $ 100 billion) to buy
government bonds over the next six months and # 10 billion to purchase corporate
debt over 18 months.
We are beginning to see the drag on growth brought
about the inexorable rise of total (not just
government) US
debt.
The pro-independence Scottish
government says Scotland would be entitled to 90 per cent of Britain's oil wealth — based on divvying up the two countries» waters — but only liable for
about 8 per cent of its 1.3 trillion pound ($ 2.1 trillion) national
debt, based on its share of the U.K. population.
The Barnett
government is hoping to raise $ 3 billion by selling 51 per cent of Western Power to Australian investors, and will also use the privatisation deal to remove
about $ 8 billion of
debt off the state's books.
Flaherty worries
about U.S.
debt, too, calling it a «persisting concern» for Canada and highlighting the
government's interest in other foreign markets.
After all, the federal
government will add
about another $ 165 billion to our tab before our books are expected balance again, and will quickly wipe out all the
debt repayment gains it's made since the mid-1990s.
Applicants are directed to furnish basic information
about themselves and their businesses, including personal information (full legal name, street address); basic business information (employer ID number, type of business, number of employees, banking institution used); names and addresses of management personnel; estimated business expenditures and costs (including details on the SBA loan request); summary of collateral; summary of previous
government financing; and listing of
debts.
Morneau can risk expanding the deficit because the federal
government's
debt - to - GDP ratio is a relatively paltry 30 %,
about half of what it was in the 1990s when Canada faced a fiscal crisis.
The 2011 showdown that led the U.S. to the brink of a
debt default and then a
government shutdown was
about ideology and party politics.
On the current economic climate and the
government's plans to increase the deficit, Munger said, «Of course I'm concerned
about the rising level of
government debt.
«We have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic
about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the
government's
debt dynamics any time soon.»
The
government is aware of worries
about China's accumulated
debt, some 240 % of GDP.
Some industry participants, however, are already worried
about a bubble forming, and rising
debt levels as local
governments jump into e-sports investment.
He also talked
about the ratio of
government debt to the size of the economy when asked
about the $ 10 - billion deficit promise from the election.
A
government that is sovereign in its currency, has no foreign denominated
debt and a central bank that can issue its own currency does not have to worry
about someone else telling them that they need to raise their interest costs.
The 10 - year U.S. Treasury yield rose 5.2 basis points to 3.035 percent on Wednesday, driven by worries
about the growing supply of
government debt and inflationary pressures from rising oil prices.
The latest cause for worry, as we write, is the warning by Standard & Poors that Italy's sovereign
debt rating of A + is at risk (a one - in - three chance) of being downgraded in the next 2 years, due to doubts
about the success of the
government's
debt - reduction program.
Henrico County - based Genworth Financial Inc. said Tuesday it will take steps to address its upcoming
debt maturity of
about $ 600 million as it again seeks approval from
government regulators to be acquired by a China - based company.
But the warning by the governor
about a broad restructuring raised new questions
about the
government's willingness to pay the
debt owed by Prepa and other
government enterprises on the island.
Second, the deficits posted over the 2008 - 09 to 2015 - 16 period will add
about $ 200 billion to the federal
government's
debt, nearly doubling the reduction recorded over the 1997 - 98 to 2007 - 08 period ($ 104.7 billion).
Henrico County - based Genworth Financial Inc. said Tuesday it will take steps to address its upcoming
debt maturity of
about $ 600 million as it again seeks approval from
government regulators to be acquired by a China - based company.
The
debt deal, which came on Friday after
about 19 similar summits since the start of the
debt crisis (with few results), called for countries that use the euro to allows two European bailout funds to aid European banks directly, rather than make loans to
governments to bail out the banks.
After all, since 2006, your
government has increased
government debt by $ 150 billion, after falling by
about $ 80 billion under the previous Liberal
government.
What is most important to recognize
about successful
government financial policy is that control of the money supply historically has been accompanied by control over the economy's
debt overhead, including the ability to write off
debts that could not be paid.
DeMarco: It's not only the
debt ceiling; the continuing resolution on the federal budget is set to expire on December 8 as well, and there are some concerns
about whether Congress will be able to avoid a
government shutdown.
«We will continue to urge the
government to remain vigilant
about its spending and keep our
debt - to - GDP ratio on a downward trajectory.
Analysts and investors worry that a
government shutdown this week would hit not just consumer and business confidence, but also make it more likely that the United States will default on its
debt when it reaches its borrowing limit in
about two weeks.
A recent Department of Finance report (1) showed that the federal
government's fiscal position is sustainable and that the federal
debt - to - GDP ratio would fall to
about 24 per cent by 2020 - 21.
White House and congressional leaders have not yet made final decisions
about the amount of funding, or whether to link it to extensions of the
debt limit or of broader
government spending, and conversations remained fluid Thursday evening.
Assuming that the total amount of bad
debt in the banking system exceeds total bank capital — something which is almost certainly true — the conversion of
debt which can not be serviced into an equity position that is unlikely to generate much more (and in an economic downturn, which is when we are most concerned
about the
debt burden, we can assume that the decline in value of these equity positions will be highly correlated) leaves the net indebtedness of the banking system unchanged, and so the contingent liabilities of the
government are unchanged even as reported
debt in the system declines.
Despite all their boasting
about being good fiscal managers and the evils of accumulating
debt, the Conservative
government doesn't seem to really care that much
about reducing
debt.
The speed with which China's GDP growth slows in 2013 will tell us a lot
about how determined Beijing is to rebalance the economy in such a way that growth is driven more by higher household income and consumption and less by investment funded by rising
government and
government - related
debt.
«He doesn't want to leave any question
about the independence of the Governor of the Bank of Canada, but we have a situation under the Conservative
government that has allowed record household
debt... and the bank is really caught between a rock and a hard place, because these high
debt levels create pressure for higher interest rates, but inflation is very low.
Why would anyone in the
government care
about reducing the
debt by a measly $ 3 billion?
Current
government forecasts show
government debt falling to
about 25 per cent of GDP (the
government's target) by 2019 - 20.
In the late 1940s through the early 1970s, the U.S. and UK both reduced their
debt burden by
about 30 % to 40 % of GDP per decade by taking advantage of negative real interest rates, but there is no guarantee that
government debt rates will continue to stay so low.
The average Class of 2014 graduate with student - loan
debt has to pay back some $ 33,000, according to an analysis of
government data by Mark Kantrowitz, publisher at Edvisors, a group of web sites
about planning and paying for college.
In my recent National Post column, I make reference to some back - of - envelope calculations to the effect that replacing the fiscal anchor of balanced budgets to one of a fixed
debt - GDP ratio allows the federal
government to increase spending by 1.2 percentage points of GDP, or by
about $ 25 billion.
We've already briefly talked
about PSLF, a forgiveness program created to forgive the
debt of not - for - profit and
government workers.