Remove Budgeting Remove Credit Rating Remove GDP Remove Long-term
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How Credit-Worthy Is America, Inc.?

Harvard Business Review

In financial terms, and especially with regards to credit, governments are no different. As the CEO of a credit business, I’m in a unique position to take a look at how the US actually stacks up. In addition, Japan has roughly twice the debt to GDP ratio of the United States. What about the amount of debt itself?

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Why We Build Fiscal Cliffs

Harvard Business Review

Congress had a moderately successful run with budget pre-commitment mechanisms in the 1980s and 1990s, in the form of the Gramm-Rudman-Hollings Balanced Budget and Emergency Deficit Control Act of 1985 and the successor known as " paygo." And there's the Budget Control Act of 2011. But it has worked in the past.