The over-inflated costs of higher education have placed more than a trillion
dollars of debt onto the backs of students.
Not exact matches
The problem is that the bankers» solution — the inevitable result
of Mr. Greenspan's policy
of shifting central planning
onto Wall Street — is that it will culminate in the anarchy
of debt deflation, deepening unemployment, more real estate foreclosures, and capital flight out
of the
dollar.
The ruble's exchange rate has fallen as more rubles are thrown
onto currency markets to obtain the
dollars needed to pay interest and
debt service on foreign loans (and to sustain capital flight in the absence
of controls).
It would jeopardize hundreds
of billions
of dollars each year in new
debt financing, and would push more construction and labor costs
onto local taxpayers.
When he burst
onto the scene in 1994, it was the most improbable
of rags - to - riches movie narratives: bankrolling Clerks by selling his comic - book collection and running up thousands
of dollars in credit card
debt.