By James Surowiecki Last week, when House Republicans passed Paul Ryan's budget resolution, Ryan, the Budget Committee chairman, said that Congress had a "moral obligation" to get the country's finances under control, and that the vote was a necessary response to a looming "debt-driven crisis".
Last week, when House Republicans passed Paul Ryan's budget resolution, Ryan, the Budget Committee chairman, said that Congress had a "moral obligation" to get the country's finances under control, and that the vote was a necessary response to a looming "debt-driven crisis".
Structural adjustment came about in response to a series of debt crises that culminated in the 1980s.
He began his response to a question about the debt ceiling with a phrase that accurately suggested a lengthy answer.
The government took them over again after it bought their bank debt as part of its response to a national banking crisis in the mid-1990s.
The settlement companies are the latest response to an old question: How can debt-ridden people avoid bankruptcy?
And a European Commission spokesman warned that more staffing cuts would leave the Commission unable to do its job, as EU institutions integrated further and took on new responsibilities in response to the debt crisis.
"The eurozone has adopted a credible and ambitious response to the debt crisis," a visibly tired French President Nicolas Sarkozy said at a news conference early in the morning in the Belgian capital.
In the debate on Wednesday, Democrats generally did not try to explain or justify the increase in federal debt as a response to an economic crisis.
