Trump’s $34 Trillion Deficit And Debt Bomb

By Dr. Jack Rasmus, Globalresearch.ca -

Not surprising, the $2.7 trillion in social program spending cuts will finance spending for the military and defense related programs like Homeland Security, Border walls, veterans, police, and [...]

“Earth-Shattering” Book Argues That Ancients Routinely Did What Our Government Should Do: Give Debtors A Clean Slate

By Staff, Publicbankinginstitute.org -

Michael Hudson, one of the few economists who accurately predicted the Great Recession, has written a book — …and Forgive Them Their Debts — that caused John Siman to remark in Naked Capitalism: [...]

Single Mother And Healthcare Worker Jailed For Three Days In Indiana Over Unpaid Ambulance Bill

By George Marlowe, Wsws.org -

Melissa Latronica is a 30-year-old healthcare worker and single mother of three who lives in La Porte, Indiana, 65 miles southeast of Chicago. On February 11, Melissa was pulled over by police in [...]

Two-Thirds Of Bankruptcy Still Caused By Medical Illness And Medical Bills

By Staff, Pnhp.org -

Medical problems contributed to 66.5% of all bankruptcies, a figure that is virtually unchanged since before the passage of the Affordable Care Act (ACA), according to a study published yesterday [...]

Russia And China Continue Dumping US Treasuries

By Staff, Rt.com -

The latest US Treasury Department data shows that foreign investors slashed their holdings of American debt in November by $105 billion, from a year earlier, to $6.2 trillion. China, the largest [...]

US Student Loan Debt Hits Record $1.46 Trillion. Funny, That’s More Than GOP’s Corporate-Friendly Tax Giveaway

By Jon Queally, Commondreams.org -

It's been almost a year since the Republican Party and President Donald Trump delivered their behemoth giveaway to the nation's corporations and wealthiest individuals by passing a $1.5 trillion [...]

Breaking The Chains Of Debt: Lessons From Babylonia For Today’s Student Crisis

By Michael Hudson, Inequality.org -

Today, the wealthy depict inequality in glowing colors as a byproduct of economies pulling ahead, “creating wealth” by innovations that add to prosperity. This view is unprecedented in history. [...]

US Judge Authorizes Seizure Of Citgo For Debt Of Venezuela

By Staff, Archyworldys.com -

A US federal judge authorized the seizure of Citgo Petroleum Corp., the subsidiary of Venezuelan state oil company PDVSA, to satisfy a debt of the Venezuelan government, reports the Wall Street [...]

Risky Debt Spending Of Bottom Half Is Bolstering The Economy

By Jonathan Spicer, Reuters -

By almost every measure, the U.S. economy is booming. But a look behind the headlines of roaring job growth and consumer spending reveals how the boom continues in large part by the poorer half [...]

Back When College Was Debt-Free

By Josh Hoxie, Inequality.org -

As May gives way to June, the last college grad ceremonies are wrapping up and the last parties are coming to a close. Now the job hunt for recent grads begins in earnest — with the looming [...]

Global Economy A Giant Debt Scam,What the Financial Elite Don’t Want You to Know

By Andrew O'Hehir, Salon -

Capitalism collapsed in 2008, just as communism had collapsed in 1991 — the system we have now is something else This is an argument Varoufakis has made many times, including in his 2011 book [...]

Could Student Loans Lead To Debt Prison? The Handwriting On The Wall

By Alan Nasser, Counterpunch.org -

The burden weighing like a nightmare, to coin a phrase, on 44 million indebted current and former students will haunt these people for a good portion of their lives. The average student debtor [...]

Not A Matter Of If, But When

By Shawn Hattingh, MR Online. -

In early January 2018, capitalists across the globe were celebrating the fact that the Dow Jones had rallied by 45% since the election of Donald Trump. Likewise, brokers were beaming in Sandton [...]

To Grow the US Economy, Cancel Student Debt

By A.P. Joyce, MIC   -

A report from a group of economists at the Levy Economics Institute of Bard College finds that there would be huge benefits if the federal government were to forgive all existing student debt. [...]

The Real Causes Of Deficits And The US Debt

By Jack Rasmus, telesurtv.net -

By Jack Rasmus for Tele Sur - Nonsense like social security and Medicare will be insolvent by 2030. When in fact social security has created a multi-trillion dollar surplus since 1986, which the [...]