Page 36 - Borrowing Capacity News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> we talk about the budget control act and the sequester, it's easy to lose sight of the fact that the place for austerity is hitting hardest is on states and local municipal y municipalities that don't have the federal government's borrowing capacity. the places getting squeezed the hardest are the places that don't have a lot of money to begin with. the medium household income between 2007 and 2011 was just over $26,000. state and local government revenues were absolutely gutted when wall street imploded but many were spared the most dire consequences because the recovery act provided much-...

And how to extend our nation's borrowing capacity. really took center stage this week. it's the one place where the gop still feels like they have leverage and where they might be able to try to trade in for some sort of deal, even if it is having a lower rate for some of those higher earns. than the president had initially asked for. >> meredith, you talk about those who ran on certain principles. i have to point out then tim kaine who successfully got the senate seat out of virginia, a battle ground state. he said "here's what i think. maybe we need to have this $250,000 margin flexible. let...

>> not indefinitely, because there's no doubt that if the united states continues down the road that hank has been correctly identifying, we're going to find that our ability to borrow is going to get restrained because throughout our history we have always maintained a capital cushion, cushion between our borrowing capacity on the one hand and the level of debt on the other. that is beginning to shrink. and if we get to the point where we are having difficulty selling our security, treasury issues, then interest rates begin to move and our ability to move internationally to essentially be the...

>> not indefinitely, because there's no doubt that if the united states continues down the road that hank has been correctly identifying, we're going to find that our ability to borrow is going to get restrained because throughout our history we have always maintained a capital cushion, cushion between our borrowing capacity on the one hand and the level of debt on the other. that is beginning to shrink. and if we get to the point where we are having difficulty selling our security, treasury issues, then interest rates begin to move and our ability to move internationally to essentially be the...

Cushion between our borrowing capacity on the one hand and the level of debt on the other. that is beginning to shrink. and if we get to the point where we're having difficulty selling our security, our treasury issues, then interest rates begin to move, and our ability to move internationally to essentially be the major currency, the major economy, the major economic power in the world is significantly diminished. history tells us that great powers when they've gotten into very significant fiscal problems have ceased to be great powers. >> the part of the fix here according to the budget has ...