DEBT CEILING

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Debt Default 'A Pure Act Of Idiocy'

OMAHA, Neb. - Billionaire Warren Buffett said Wednesday it would be idiocy for the nation's leaders to allow the United States to default on its bills.Buffett is a renowned investor who leads the Berk...
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Does U.S. Debt Ceiling Debate Compromise Citizens' Money Morals?

The U.S. debt was $1-trillion in 1982, and at $12.1-trillion just four years ago. It's now at $16.7-trillion and needing to be raised on Oct. 17th, or the country will be unable to pay its bills and will default on debt payments. This sends a clear message to a debt-ridden populace: that their own government doesn't even take debt that seriously.
Alamy

Loonie Lower On Debt Ceiling Concerns

TORONTO - Canada's commodity-sensitive dollar closed slightly lower Tuesday as a stronger U.S. greenback pressured prices for oil and copper.The loonie slipped 0.03 of a cent from Monday's close to 10...
AP

How Canucks Avoided the Fiscal Cliff

In a few days the "fiscal cliff" deadline will arrive and potentially bring massive automatic spending cuts and tax increases to the U.S. Even if Congress and the President agree to avoid the cliff, the next crisis awaits. It has long been said that when the U.S. sneezes, Canada catches a cold. So why have these debt-related ailments in the U.S. not afflicted the Canadian government? The answer is that Canada has been practicing what the U.S. always preached. That is why we Canucks are not jumping off cliffs or smashing into ceilings.
AP

Pffft: It's Not Like We Wanted to Be #1 Anyway

With the release of the latest growth projections from the Bank of Canada and the International Monetary Fund (IMF), it appears that Canada's two-year run at the top of the G7 group of countries could be coming to an end. Both the Bank of Canada and the IMF have lowered this year's growth predictions, paving the way for - get this - America to take over the top spot.
AP

The Super Committee's Lost Opportunity

As Americans head into their Thanksgiving long weekend, they will have plenty of things to be thankful for. Unfortunately, an effective government will not be one of them. There was a feeling that members of Congress would get their respective acts together and put to rest any doubts over fiscal repair in the U.S.
AP File

Obama, Stop Lecturing and Start Leading

My American friends argue that this president is the victim of some of the nastiest racism possible. There are people who would prefer to see the States go down rather than see him succeed. Perhaps this is so, but Mr. President, rise to the challenge and speak directly to the American people!
AP

Europe's Choice: To Capitulate or Decapitate

The EU must decide whether or not to take the 'union' to its logical endgame. Creation of a single currency zone, without the strength of a centralized fiscal power to effect stabilization and redistribution, was never a sound economic idea. It was always a political idea.