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It is now nearly $25 billion in the red, piling debt onto the national credit card.
He was also criticized for some deals, such as piling debt on Canadian Robert Campeau's retail empire.
The CBO projections for growth can't possibly be met unless Americans take on massive liabilities, piling debt upon debt.
Their bonuses are often based on such metrics as a firm's "return on equity," which can be goosed by continually piling debt atop a tiny equity base.
With markets becoming more uncertain about oil, interest rates and terrorism, and with many hedge funds all betting the same way, piling debt on top of debt looks like a risky game.
The report will show a worrying picture of a society that is piling debt on young people while denying them educational opportunities and the prospect of buying their own homes.
Similar(44)
"We cannot pile debt over debt".
The country's overall indebtedness has continued to grow, but largely as a consequence of the bailouts, which piled debt upon debt.
Because they pile debt onto the companies they buy, the firms free up their own cash, allowing them to make additional investments and increase their potential profits.
"A key problem" for us commoners who think debt piled upon debt is bad is probably that we, like the electorate, are "not informed".
"We won't solve our growth problems by piling new debt on top of our old debt," he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com