Overview for loan

Debt Crisis? Really?

As of this morning, international investors stood ready to lend money to the US government for 10 years at a rate of 2.94%. They would lead for 2 years at a rate of 0.41%. And we're supposed to believe that it's markets that are forcing this borrowing crisis?

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Written by David Frum on Friday July 29, 2011

States Will Be Slammed by Default

A federal default could cascade through state governments, forcing tax increases and budget cuts on local taxpayers. Medicaid budgets could be slashed. Federal money for unemployment benefits could halt. State colleges could lose federal grants. The Pew Center on the States reports that …

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Written by Nicole Glass on Wednesday July 27, 2011