Word: debts
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Dates: during 2010-2010
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...frenzied betting by financial markets against the stability of Greek government bonds is a clear indication that many investors don't believe Athens will find a way to deal with its massive debt - at least not without an equally huge European bailout. But beyond the market speculation lies a longer-term question that is tormenting the 16 euro-zone nations: Could the Greek crisis be the beginning of the end for the common currency, just eight years after its first notes and coins were issued? Might the doubts and pressures that are driving the euro's value downward lead...
During the financial crisis, several media outlets reported that the University scrambled for cash last year and was forced to sell bonds in order to meet operating expenses and pay off older debt...
...That might change were our political system filled with latter-day Perots, cranky independent candidates determined to punish both parties for not getting anything done. In the early 1990s, the original Perot combined an assault on the way government did business with a demand that it climb out of debt. Like the public itself, Perot believed there was a commonsense, nonideological way to cut the deficit, if only the two parties would stop bickering. His approach was simpleminded and ego-driven, but it forced both parties to make serious efforts to address the problem, and by the mid-'90s they...
Similarly, when I was Speaker, President Clinton and I had a series of very tough negotiations, but in the end we accomplished welfare reform, Medicare reform, the first tax cuts in 16 years and the first four consecutive balanced budgets (reducing the public debt by $450 billion) since the 1920s. The public fights were often intense, but the willingness to keep talking and working together led to a number of historic achievements that both Clinton and the congressional Republicans could claim credit for. (See pictures of Gingrich's career...
Perhaps this isn't surprising. With the economy shaken and unemployment sky-high, with the federal debt mounting by the trillion as Washington politicians pay lip service to fiscal responsibility (picture a sermon on humility delivered by Shaquille O'Neal), an outbreak of outrage was inevitable. The Tea Party movement is just one expression of a vast discontent unsettling the country. Recent polls have found that two-thirds of Americans describe themselves as dissatisfied or angry with their government - a huge, not-so-silent majority that ranges from conservatives convinced that Obama is a Maoist to liberals convinced that...