Questions tagged [debt]

Questions related to the accruement of debt, may it be a nation, organization or person in a political landscape. Use this tag alongside the relevant tag in the context of the question i.e. a country if necessary.

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3
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1answer
440 views

What exactly are the formal rules around US paying off debt?

Is there a precise set of rules (e.g., very specific law, or court ruling?) that explains what specifically does - or does not give the US executive branch the right to choose to default on specific ...
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10answers
16k views

What will happen if China stops loaning money to the U.S.?

US's external debt to china is a staggering 1.1 trillion US dollars and according to many economists, it's highly unlikely that U.S. will be able to pay back the entire external debt to China in the ...
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4answers
1k views

Implications of governments borrowing from a central bank rather than issuing money directly

Early in the history of the United States the political battle was fought between those who favored a strong central bank of the United States and others who felt the government reserved the right to ...
3
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1answer
227 views

What effect does state-level refusal to accept the ACA's medicaid expansion have on the ACA's cost?

The Affordable Care Act ("Obamacare") was projected by the Congressional Budget Office to reduce the national deficit. When Obamacare went to the Supreme Court, the court ruled that it was ...
29
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4answers
16k views

Who was the last US President to oversee a reduction in debt?

As of 2012, the United States currently has ~16 trillion in debt. The last five presidents have all added to the overall debt*. Who is the last US president to decrease the total amount of debt ...
26
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3answers
6k views

Are there any negative consequences for a country having no debt?

It would seem that having no debt would categorically be a good thing. I have heard Dave Ramsey say many times that: The Forbes 400 is a list of the richest 400 people in America as rated by Forbes ...
24
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3answers
7k views

What is Trump's plan to get the United States out of trillions in debt?

The debt is now close to 20 trillion dollars. What are Trump's main strategies to reduce this debt?
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3answers
3k views

Why do governments still assume that “the more land, the better”?

There is constant political struggle for land between two or more nations around the world, where two different countries claiming to own a land area even though another country controls (or "occupy") ...
16
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2answers
2k views

How do Democrats “gain leverage” by a three month debt limit increase?

I'm trying to understand some of the comments in the press that Democrats have gained leverage by the three-month extension tied to hurricane relief. This is what I don't understand - it seems to me ...
10
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4answers
5k views

What is the debt ceiling and what happens if we reach it?

Over the past few years, there has been debate in congress as to whether or not to raise the debt ceiling. My question is simple(the answer to it might not be): What Is the debt ceiling, under ...
6
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1answer
459 views

Did any legislation ever introduce something like the Chicago Plan?

The Chicago plan involves to impose a 100% reserve on banks, so that banks can no longer create money by lending out. Recently, IMF published a note called The Chicago plan revisited. I'm no economist ...
6
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1answer
412 views

What would the National Debt's minimum payment warning notice read?

The CARD Act modified what credit cards need to disclose to you on your monthly statements. One requirement was a Minimum Payment warning: Minimum Payment Warning: If you make only the minimum ...
4
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2answers
559 views

Why focus on reduction of public debt when private debt is much larger?

According to the OECD, in The Netherlands, public debt is 78% of GDP and private household debt is 277% of GDP. Eurozone rules require a budget deficit of no more than 3% (not sure if this depends on ...
4
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2answers
387 views

Is Hillary Clinton on the hook for the $30 million debt of her campaign?

In Why do US politicians spend so much on campaigns when the salary is not high enough to justify the expenditure?, it is mentioned that Hillary Clinton has $30 million of debt from her 2008 campaign. ...
16
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4answers
916 views

What are the practical effects of having too large a debt load?

My understanding is that Japan has a debt-to-gdp ratio of approximately 200%. It is considered to be one of the worst in the world. The United States is only in the 100% range. What effects would ...
12
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2answers
1k views

Where did all this deficit come from?

Back in 2008, the deficit was somewhere around $200 billion, until the bank bailout, which was reported at first to be a 1-time bailout of $800 billion. The next year, there was the Stimulus package, ...
6
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1answer
252 views

Has any government made the unwinding of their US bonds and currency reserves a core public policy plank or a legal requirement?

The betting odds (at time of writing) on a partial US debt default this year were 6/4 - Default and 1/2 - No Default. Considering the odds, this is something of a wake-up call for nations and ...
6
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5answers
393 views

What steps can be taken to combat unfunded state and federal pension liabilities in the U.S.?

It's the growing problem that no politicians want to talk about: unfunded pension liabilities. Business Insider ran an article last year which focused on the many upcoming challenges facing U.S. ...
4
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2answers
419 views

Is there legal recourse for creditors if Treasury defaults on any (not necessarily all) of its debts?

This is a follow up to a previous question I had here Fed Authority I understand that once the government goes into default it triggers a number of different legal steps and procedures, such as CDS ...