The $1.3 Billion Stupidity Penalty We Paid for Having an Unnecessary Debt Ceiling

By: Tuesday July 24, 2012 8:57 am

Given that the United States debt is denominated in US dollars and our government can technically print as many US dollars as it needs, we should never default on our debt. The only way we could truly default would be if Congress, in an incredible act of stupidity, decided to vote to default and overrode [...]

GAO: Treasury Has Failed to Make Needed Improvements to HAMP

By: Wednesday March 2, 2011 4:43 pm

The Home Affordable Modification Program (HAMP) has basically been a disaster since its start, and it remains one to this day. Roughly nine months ago, the Government Accountability Office examined the program, found many problems, and made several recommendations to improve it. Since then, the Treasury department has failed to make most of the needed [...]

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