You are browsing the archive for debt.

Dickinson may need $100M debt load in order to complete infrastructure projects

June 6, 2013 in The Dickinson Press

The city of Dickinson will have to shed its debt-free record in order to complete infrastructure projects needed to remain functional, officials said. The city continues to grow at a record pace and has run out of developed lots. Water and sewer infrastructure needs to be updated and built to keep up with demand. Streets need to be repaved, paved and, in some cases, created. And Dickinson city officials know that growth doesn’t come for free. Continue Reading

Three out of four people have financial worries, says survey

April 7, 2013 in Alexandria Echo Press

“This year’s survey results provided somewhat of a mixed message,” said Susan C. Keating, president and CEO of the NFCC. “More than one in four consumers indicated they are spending more than last year, yet 77 percent admitted to having financial worries, listing insufficient savings as their top financial concern.” Continue Reading

A mortgaged future: Growing number of graduates bear burdens of student loans

March 23, 2013 in The Dickinson Press

FARGO Financial counselor Duane Emmel says Benjamin Franklin’s famous quotation is missing one certainty of modern-day life. Continue Reading

Kline pessimistic about avoiding massive federal budget cuts

February 21, 2013 in EOT Focus

Minnesota’s senior congressional Republican shows little optimism that massive automatic federal spending cuts can be avoided. Continue Reading

SD won’t call for constitutional convention

February 20, 2013 in The Daily Republic

Legislators sought resolution related to US debt, but fear runaway consequences.
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National debt burdens US today and tomorrow

February 16, 2013 in The Dickinson Press

Fiscal conservatives unwittingly sabotage themselves by warning that the $16.5 trillion national debt will impoverish America’s children and deliver unborn grandkids directly into Chinese slavery. While these dire predictions may come true, calling America’s massive indebtedness a challenge for future generations triggers relaxation about an immediate priority: curtailing federal spending and borrowing. By defending “the children,” budget hawks let big spenders invoke Scarlett O’Hara to justify their profligacy, at least until the tykes mature. “Cut the budget later,” spendthrifts propose. “Tomorrow is another day.” Continue Reading

Dickinson officials lobby to stay out of debt

January 30, 2013 in The Dickinson Press

BISMARCK An additional 22,000 people are expected to settle in Dickinson over the next seven years, further stretching the city’s infrastructure as it struggles to keep up with water supply, wastewater and other issues. Continue Reading

A financial challenge: ND student debt v. jobs market

January 26, 2013 in The Dickinson Press

Students headed for the University of North Dakota’s aviation program are told up front the financial situation they’ll face after graduation. Continue Reading

Thune rises as Congress falls

January 17, 2013 in The Daily Republic

With new power, senator focuses on thorny fiscal issues
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PAUL KRUGMAN: Debt-limit canyon marks GOP’s road to ruin

January 5, 2013 in Grand Forks Herald

The reality is that our two major political parties are engaged in a fierce struggle over the future shape of American society. Democrats want to preserve Social Security, Medicare and Medicaid, and add to them a universal guarantee of essential health care. Republicans want to roll all of that back, making room for drastically lower taxes on the wealthy. Yes, it’s essentially a class war. Continue Reading