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Concern is widespread in Washington that the Postal Service is headed toward a fiscal breakdown.
At the same time, the government appears headed for a fiscal breakdown unless it can somehow push through long-delayed asset sales by the end of the year.
They warn that the current pension portrayals mask a looming fiscal breakdown as more and more public workers retire, threatening taxpayers whose own retirement plans have been shredded since 2008.
Just as many individuals invested poorly in 2000 which lead to a complete fiscal breakdown, Lehman also was guilty of investing irrationally in securities collateralized by high risk debt within subprime markets (he was paid $354.03 million over the past five years of his tenure to select poor investments and run his 158 year old company into the ground).
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Like most government fiscal crises, the problems of Nassau County resulted from a political rather than financial breakdown.
To stop this financial breakdown sending the world economy into a tailspin, politicians scrambled with bank-rescue packages and promises of fiscal stimulus.
Get the financial breakdown.
Kerrey's bid to return to the Senate is driven largely, he said, by concerns over the country's fiscal health and the breakdown of bipartisanship.
First is the impact on the markets: will investors fear that such a move heralds the breakdown of fiscal discipline, or rejoice that recession might be less deep?
Prince, "The Breakdown".
He has a compelling personal story, including a young daughter with a genetic ailment, that he wraps into a broader narrative about how the nation's fiscal and economic ills are the consequences of a breakdown of marriage and family.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com