CNN reports the monstrosity of a bill that our interest alone will be handing the U.S. in the coming future. Uncle Sam will shell out more than $5 trillion in interest payments over the next decade, according to the latest projections from the Congressional Budget Office. That’s more than half of the projected $11 trillion…
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Last week, Moody’s cut Greece’s credit rating to the lowest level on its scale, citing risk of default despite the recent write-off deal. Moody’s said the rating decision was “prompted by the recently announced debt exchange proposals for Greece, which imply expected losses to investors in excess of 70%.” The sovereign debt crisis in…
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There’s a great story that broke over the past weekend from the floor of the senate in Washington state that certain Senators in Washington D.C. can afford to learn: how to pass a budget! To set the stage, here are the remarkable similarities between the between the two legislative bodies: Both legislative bodies are…
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