In light of the Congressional shutdown and the looming debt ceiling deadline, Treasury Secretary Jack Lew published an editorial in USA Today, insisting that America is obligated to pay all of its bills and commitments.
U.S. Treasury Secretary Jack Lew warned Congress that the United States will exhaust its borrowing capacity no later than Oct. 17, at which point the government will have only $30 billion in cash on hand.
For many observers, “skin in the game” is synonymous with a large down payment that limits lender or investor risk. However, skin in the game can be defined much more broadly, since financial investment is only one factor that mitigates risk.
The Silicon Valley area added 385,000 jobs between 2010 and 2015, but only issued building permits for 58,000 units in that same time frame, creating an unsustainable housing marker that shuts out all but the richest buyers. What, if anything, can be done to cool off skyrocketing home prices?