That makes the government's vast obligation to pay for old and poor people's health care look less onerous.Strangely, the improving economics of the debt have done little for the rotten politics.
Over the longer term, no No. 1 military power can maintain vast overseas obligations if its economy is weakening relative to other, rising nation-states.
It is unsurprising, then, that while the report envisages a world in which smart, autonomous robots have some rights, they will – like biological human beings – also be saddled with a vast number of obligations.
Unlike your run of the mill deadbeat -- say, Nicholas Cage -- Uncle Sam is in the unique position of being able to print the currency with which it pays its vast and growing obligations.
Trading has also dropped off recently in the vast market for mortgage obligations, which are backed by consumer loans, according to Mickey Levy, the chief economist at BankAmerica.
In choosing Campbell, the trustees were banking on his clearheaded vision of how to balance the Met's scholarly integrity, its fund-raising needs, and its obligations to a vast and rapidly changing audience.
Before they were appointed to the control board, Gonzalez and Garcia moved between top positions in Puerto Rico's Government Development Bank (GDB), which issues the island's government bonds, and Banco Santander, the Spanish-owned mega-bank that was buying and structuring the vast majority of those same obligations.
Contemplating my tax returns, in the light of George Osborne's pitifully cautious pencil probe into the rectum of Google's financial affairs, I struggle to make sense of my obligation to contribute vast swathes of my income to the maintenance of a society whose leaders seem to hold its citizens, its flora and fauna, and those stranded in limbo at its borders, in haughty contempt.
The network's obligations to such a vast viewership should have led it to privilege the imperatives of journalism over those of commerce.
