If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days. ↗
We, being the Western world, wouldn't let Russia off the hook on debt. So there were demands on debt servicing in the early days until they ran out of reserves. There was no real aid program, just a fictional aid program. ↗
If Washington continues to fumble issues like taking care of the debt, getting the troops home, and rebuilding our economy, my wife and I may sit down and say, 'These are critical things and maybe we need to get back in the ball.' ↗
Obviously, there has to be a profound change in direction. Otherwise, interest on the national debt will start eating up virtually every penny that we have. ↗
The marathon is all about energy management. I had planned to run it like a track race with strategic surges to blow up my competitors by putting them into oxygen debt, so that is the way I prepared. ↗
Germany, Japan and, to a lesser extent, Britain and Italy, were lifted out of the debris of war by the Americans who poured in billions of dollars and forgave other billions in debts. ↗