Our Fiscal Future has invited distinguished guest bloggers to share their views about how to get the nation on a sustainable fiscal path. The views presented are their own, and do not necessarily represent the views of the Committee on the Fiscal Future of the United States or any of the organizations sponsoring this website. We welcome and encourage constructive conversation about the fiscal issues facing America, and hope you’ll join the conversation.
“Good Debt” and “Bad Debt?”
AUTHOR: Joseph Minarik, Senior Vice President and Director of Research, Committee for Economic Development
You’ve heard the story: A private business borrows money foolishly — say, to finance a corporate jet used mainly to fly the CEO off to ski. That borrowing surely results in “bad debt” — not necessarily debt that will not be repaid, but rather debt unwisely incurred, with little offsetting long-run benefit. On the other hand, the same firm might borrow to update its production equipment. That borrowing would increase debt, but it would be “good debt.
July 21st Event in Chicago: America’s Fiscal Future
AUTHOR: Fiscal Future, Site Administrator
The John D. and Catherine T. MacArthur Foundation and the Federal Reserve Bank of Chicago invite you to
“America’s Fiscal Future: Making Difficult Choices”. A discussion with the co-chairs of the expert committee that produced Choosing the Nation’s Fiscal Future.
FISCAL FUTURE TWEETS
React to Romer as she exits Obama's financial team http://bit.ly/dDALEI Virtual budget tool & iPhone app http://bit.ly/9auInA
Cenk describes how #GOP is demanding #Iraq war vets are ordered to pay for national debt. http://joewo.com/WordPress/?p=5889 #tcot #p2 #sgp