debt service Archives - Granite Grok

debt service

The American Jubilee

What follows is distilled from the beginning of Porter Stansberry’s book, The American Jubilee. The book starts with an assessment of the financial situation of America. If it gets your attention; it is inexpensive, readable as economic assessments go and thought provoking. Whether you come away thinking this is all wrong or convinced it is …

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A Shot Over the Bond Ratings Bow

Wednesday there will be a vote on a bill to make it easier for the state to back private projects with taxpayer money.  We explore what this might do to the bond rating and debt service, who this serves, and what future boondoggles we might expect should it pass.  

No Debt Ceiling Increase without Cut, Cap, and Balance

Neither President Obama nor Speaker Boehner tell the full debt story. They try to scare us by saying that if the debt ceiling is not raised, our credit rating might be lowered. But President Obama’s plans to increase our debt by at least $1 trillion annually for the foreseeable future is a bigger and definite threat to our credit rating. Our already significant interest payments won’t be affordable. China and credit rating companies warn us that we are creating too much debt. It is just a matter of time before our huge, growing debt to cause our credit rating to fall.