Tag Archives: US

Debt, doom and despair

It is a matter of some comment that the public debt burden of the United States has recently increased somewhat. Upward, ever upward And that this surge in debt has come from increased spending A more elevated state More than from falling revenues. Buy now, pay later (The “negative deficits” in Truman’s and Clinton’s second terms meant the US […]

On raising the US debt ceiling

I have nothing to add when it comes to analysing this super-sized game of chicken, but I do want to share a rather nice quip on the conundrum from one of my friends on facebook. The quotation, apparently, comes from Winston Churchill: You can always count on Americans to do the right thing after they’ve […]