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Antarctica Journal

Tag: debt

Debt

March 15, 2023 Antarctica Journal

Percentage of Americans aged 18 to 31 with credit-card and student-loan debt, respectively, in 1989: 43, 18 Today: 36, 40

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  • Facts & Trends

How U.S. debt went out of control

March 7, 2023 Antarctica Journal
U.S. debt

How did the U.S. debt get so high? The crucial turning point came back in 2001, said Lori Montgomery. At the time, Uncle Sam was actually running surpluses, and “the outlook was so rosy” that forecasters were predicting the U.S. could pay back every dime it had ever borrowed. That’s when President George W. Bush made a pivotal decision: Rather […]

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  • United States
  • What's Going On?

Cartoon – Picking up the tab

November 27, 2022 Antarctica Journal
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Republican Debt

November 26, 2022 Antarctica Journal

Percentage of the current U.S. debt that was accumulated during Republican presidential terms: 71

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  • Facts & Trends

A country that can’t split the tab

October 6, 2022 Antarctica Journal

Sometimes stereotypes are spot on, said Brian Melican. The German reluctance to bail out debt-ridden euro zone countries is rooted in a moral abhorrence of debt. Anyone who’s ever dined out with Germans knows they are sticklers for paying exactly what they owe and not one cent more or less. It is unheard of in Germany for two or more […]

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  • News From Above

George Washington Quote – To Contract New Debts

June 21, 2022 Antarctica Journal

“To contract new debts is not the way to pay old ones.” – George Washington

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Chilling Details

At the same time a grand jury was hearing evidence in the Jerry Sandusky sex-abuse case, Joe Paterno negotiated a new, $5.5 million contract with Penn State that gave him a $3 million bonus for retiring, and forgave $350,000 in loans.

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