Perhaps the current wave of debt machinations will end badly.
The tidal wave of debt that sank the Seaport Museum's prior administration was not her problem.
For about a generation, the U.S. surfed on a growing wave of debt.
After an unprecedented wave of debt relief, it would be a shame to drown in debt again.
Goldman and other survivors will continue to benefit from the coming wave of debt issuance by federal, state and local governments.
The recent wave of debt concessions is a reversal from only a few years ago, when consumers usually lost battles with their credit card companies.
For months, he has been delivering PowerPoint presentations on the plan, explaining the urgency of cutting trillions from the budget in hopes of escaping, as he explains it, "a tidal wave of debt".
There's plenty of blame to go around.' As the US and Europe sink under a wave of debt, there is an increasing sense that American global dominance is disintegrating.
These figures will be a cold shower for Kenny and his team, because they underline how real the prospect of a second wave of debt default is, something economist Morgan Kelly predicted last year when he suggested 19th century-style social revolt from the middle-classes.
The last of the large bankruptcies having been settled, a new wave of debt issuance began in 2003 allowing companies from shaky industries such as automakers, real estate, energy and even airlines to issue high volumes of public debt either to refinance existing obligations or in the form of "rescue financings".
