Page 27 - Debt Payment News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> correct. >> glenn: which means higher interest rate meaning what to the debt payment? >> service on the debt. this is the conundrum the government is in. you marly always ask why would the government keep the dollar so cheap? they'd like to pay it back in cheap dollars. the chinese are upset and in a tizzy. the point is the dollars can rebound but i don't have faith they'll act quickly enough to turn it around. >> glenn, this is important point for viewers to understand. when a country gets enormous amount of debt that we have, where we're headed to 100% of gdp in debt, charles is right. hi...

>> correct. >> glenn: which means higher interest rate meaning what to the debt payment? >> service on the debt. this is the conundrum the government is in. you marly always ask why would the government keep the dollar so cheap? they'd like to pay it back in cheap dollars. the chinese are upset and in a tizzy. the point is the dollars can rebound but i don't have faith they'll act quickly enough to turn it around. >> glenn, this is important point for viewers to understand. when a country gets enormous amount of debt that we have, where we're headed to 100% of gdp in debt, charles is right.

People -- 14.8 million people were unemployed according to the bureau of labor statistics. well, fewer paychecks mean fewer taxes collected, as you know. they are learning that the hard way in harrisburg, pennsylvania. the city is facing $68 million in outstanding debt-payment. that is 4 million more than the entire operating budget. they are thinking of filing for bankruptcy. this is the capital of pennsylvania saying that it cannot pay its bills. a chapter nine bankruptcy filing does not mean folks at the close of their houses and get back out, but it does allow the city to renegotiate its c...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.