Word: borrows
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...fortunate to have the program we do, where parents don’t have to borrow as much as they did in the past,” Donahue said...
...their allowing the deficit to balloon to $10 trillion. All Gingrich can offer as an answer is Contract with America 2.0 - which consists mostly of tax cuts. It's the old trickle-down economics with a fresh paint job. I'd much rather have tax-and-spend Democrats than borrow-and-spend Republicans. David Ingram, ST. LOUIS...
This is in large part because of how PE firms are structured: they lock up investors' money for a decade and rake in 2% annual fees even when their investments tank. When they borrow money to buy a company, the debt gets stuck on the company's books, not theirs. As a result, most have been able to effectively hold their breath through the turmoil...
First, some background: private equity refers to what in the 1980s was called the leveraged buyout (LBO). LBO artists such as Henry Kravis and Carl Icahn borrowed lots of money on the junk-bond market built by financier Michael Milken and used it to finance takeovers - sometimes hostile ones - of struggling corporations. During the recession of the early 1990s, the LBO business faltered, and many predicted its demise. But buyout funds re-emerged under the more genteel moniker private equity, eschewed hostile takeovers, reliably outperformed the S&P 500 and grew to be a far bigger force than they ever...
...bailout banks is better than the side-effects of having a staggering national debt, a debt which revenue collected by the IRS may not decrease at the rate that the Administration claims that it will. For France, the matter is academic. It does not have the ability to borrow hundreds of billions of dollars though the world's credit markets. Even if it is philosophically opposed to a large deficit, it is poorly equipped to create one through borrowing. (See pictures of the global financial crisis...