What is Odious Debt? Odious debt refers to a concept in international law that describes a situation where a country incurs debt that is not used for the benefit of its population and is instead used to enrich a ruling regime or to finance projects that are against the interests … …
What is the 25% Rule? The 25% Rule is a guideline used in finance and budgeting to determine the maximum amount of a government’s annual budget that should be allocated towards debt servicing. It suggests that a government should not spend more than 25% of its annual budget on servicing … …
Exploring the Mechanics of Overlapping Debt Overlapping debt refers to a situation where multiple levels of government, such as federal, state, and local governments, all have outstanding debt obligations. This can occur when different levels of government issue their own debt securities to finance their operations or infrastructure projects. The … …
The Meaning of the Debt Ceiling Crisis When the government reaches the debt ceiling, it is unable to borrow any more money to cover its expenses. This can lead to a variety of consequences, including a potential default on its debt obligations, a government shutdown, or a delay in payments … …