public debt-to-GDP ratio

By

Warren Mosler

(Editor's note: I'm re-posting this here from moslereconomics.com with a follow-on commentary of my own with the permission of Warren Mosler)

From Warren Buffet to Alan Greenspan,

And from all the responses to the S and P downgrade by
economists and financial professionals from the 4 corners of the world,

THE WORD IS OUT!

The US government is the issuer of the US dollar.

So no matter how large the federal deficit might be: Read below the fold...

Yesterday, must have been jobs day at The Washington Post since they ran two columns calling for job creation: one by Katrina vanden Heuvel and the other by Harold Meyerson. The crux of vanden Heuvel's column is: Read below the fold...

As the United States Government approaches “running of money” to pay its bills, news articles and pronouncements by politicians about the debt ceiling dispute focus on several things. First, they talk about the dire consequences of defaulting on our obligations. Second, they talk about the need for spending cuts that will put us on a long-term path to balancing the budget, getting a Government surplus, and improving the debt-to-GDP ratio. Third, they talk about the debt ceiling preventing the Government from issuing further debt instruments to “fund” paying for its obligations. Read below the fold...

These last couple of days, I happened to see a couple of pieces by Robert Borosage. The first of these called “Kick the Old and Disabled to Show We're Serious About Deficits,” is about organizing and fighting back against the deficit terrorist movement to cut Social Security, and reported that Borosage's organization, the Campaign for America's Future, “has joined with 50 other organizations (and growing) representing 35 million Americans to form a coalition”, called “Strengthen Social Security.” He also refers to a panel on Social Security at Netroots Nation that will be “inviting the bloggers across the country to help fend off the assault on Social Security, and join the debate about priorities over the next years.” Then he ends with this: Read below the fold...

In my previous three posts analyzing the June 26th AmericaSpeaks Community Conversation event I attended in Falls Church, VA, I presented the steps in the decision process used for the event, and discussed the pre-conference phase and the first four steps. Read below the fold...

In my first post analyzing the June 26th AmericaSpeaks Community Conversation event I attended in Falls Church, VA, I presented the steps in the decision process used for the event and then began a discussion of the steps. I broke off my account in the middle of my narrative of Step Two. Read below the fold...

By

Benjamin I. Page

and

Lawrence I. Jacobs

(Cross-posted from New Deal 2.0) Read below the fold...

[Welcome, Naked Capitalism readers! -- lambert] Read below the fold...

In Part One, I addressed the question of whether the AmericaSpeaks argument showing that increasing deficits, debts, and public debt-to-GDP ratios is a real problem America needs to solve make sense. Read below the fold...

The deficit terrorists ask us to believe that the US has a deficit/national debt problem, to believe in their projections about the future, and to make certain hard choices involving spending cuts and tax increases because we believe in the likelihood of their projections coming true if we don't act to prevent them. Tomorrow, AmericaSpeaks, an organization claiming unbiased neutrality on deficit issues, but funded by the Peter G. Read below the fold...