"Debtmageddon” (debt + Armageddon) became a popular term in July 2011, as the federal government discussed raising the nation’s debt ceiling and debated cutting spending (to decrease the federal debt). Treasury Secretary Tim Geithner had said that not raising the debt ceiling would cause federal defaults and result in financial disaster (such as an apocalypse or Armageddon).
“Debtmageddon” has been cited in print since at least 2008 and was in the title of a Wall Street Journal article in March 2010, but was otherwise little-used until 2011.
A similar term is “debtpocalypse” (debt + apocalypse).
Right Up Your Alley
December 31, 2008
Little Flakes, Big Snow
•Debtmageddon - debt has been the US’ largest export for years. But as with many other products, when production increases quality tends to decrease. Now you can’t give it away (this I know from personal experience). Canadian financial institutions seem a little healthier than south of the border. But with all the cheap money flowing, I just wish I knew how to get in line at the pump. Anyone for big government?
The Volokh Conspiracy
Borrowing from Our Children? And Hegemony
Kenneth Anderson • February 7, 2010 3:48 pm
You remember all that business about a “soft landing,” economics-wise? A soft landing in debt-mageddon is about all we can hope for.
February 8, 2010, 10:51 am
Wall Street Journal
March 5, 2010, 9:38 AM ET
The Morning Leverage: Moulton And Debtmageddon
By Mike Lucas
Just for fun: Is Jon Moulton the private equity prophet of “Debtmageddon?” Seems like it, according to the Financial Times.
04-15-2010, 10:08 PM
What I was rambling on was not the Amero, rather the Debt-Mageddon.
Sunday, July 10, 2011
Preparing the Battlespace for Debtmageddon
The Washington Post: Boehner abandons efforts to reach comprehensive debt-reduction deal:
House Speaker John A. Boehner abandoned efforts Saturday night to cut a far-reaching debt-reduction deal, telling President Obama that a more modest package offers the only politically realistic path to avoiding a default on the mounting national debt.
07-14-2011, 11:31 AM
Anyone listening in to the press conference now?
Let’s call it Debtmageddon - Schumer, Geithner, and Reid are all saying it’s TEOWATKI time if the GOP does not pony up some tax increases.
That Ought to Leave a Mark… Sarah Palin Tweets On Obama’s Big Presser Lat
Posted by Jim Hoft on Friday, July 15, 2011, 12:57 PM
Barack Obama told reporters today in his press conference that no debt reduction deal would be like Armageddon… But a short term deal was not acceptable?
July 16, 2011 at 9:34 am
big L commented:
Debt-mageddon! Stop the Debt. No more spending. Cut the govt employees salaries.
Sunday, July 17, 2011
I’ve pieced together a series of articles on the debt ceiling negotiations. I will be the first to admit that this is not a labor of love for any of us, but we truly need to be involved. This is very serious. If you don’t know why, start reading.
Contra Costa Times (CA)
Country turns its attention to ‘debtmageddon’
By Tom Raum The Associated Press
Posted: 07/18/2011 11:08:36 AM PDT
Updated: 07/18/2011 11:09:05 AM PDT
WASHINGTON - Horror stories are flying about the damage that might be wreaked should Congress and President Barack Obama fail to cut a deal by the Aug. 2 deadline to increase America’s borrowing limit. Nearly every American is in harm’s way, either directly or indirectly.
Arnold Zwicky’s Blog
By arnold zwicky
This entry was posted on July 19, 2011 at 8:49 am
Debtageddon seems to be catching on on Twitter, but the competitor Debtmageddon (which preserves more of Armageddon, at the cost of the greater phonological complexity of t-m) has a strong presence elsewhere, for instance:...
Submitted by ilene on 07/20/2011 16:19 -0400
Courtesy of Lee Adler of the Wall Street Examiner
New York City • Banking/Finance/Insurance • (0) Comments • Wednesday, July 20, 2011 • Permalink