The purpose of the debt provision of the 14th Amendment was to say that national debt was beyond the realm of politics.
The purpose of the debt swap, analysts said, is to avoid default -- relieving financial pressure by deferring interest payments and, in turn, giving the government time to try to turn the economy around.
Beginning on Oct. 17, shoppers who buy at least $50 worth of goods, put 10 percent down and pay a $5 fee will be able to pay for their purchases slowly over the next two months, all for the ostensible purpose of avoiding debt.
Little or no emphasis is given to the state attorney general's opinion that, as an asset held in the public trust, the art collection is immune to sale for the purpose of settling debts.
The debts still have to be paid, but rather than selling everything the brand keeps going with the sole purpose of paying debts.
They encouraged MacDougall to continue his aggressive approach, threatening unknown consequences if their demands were not met, and defeated proposals that would have resolved the crisis without establishing general federal taxation: that the states assume the debt to the army, or that an impost be established dedicated to the sole purpose of paying that debt.
Octobers activities served the purpose of reducing EXXIs debt to about 25% of Enterprise Value which we calculate at just over $2 billion.
The Rolling Jubilee Fund, a nonprofit formed by Strike Debt with the sole purpose of buying and abolishing debt, canceled an average of nearly $1,400 in debt held by more than 2,700 students.
The debt limit started in 1917 for the purpose of facilitating more national debt, not reducing it.
