Economic News & Freemarkets
If anyone joined the Democrats and the Old Establishment Republicans to celebrate the slight decre
By Sara Murray
I just posted this on my blog - it is a 2 part video that explains in basic terms what is going on... and gives insights that most have not discussed.
http://alansills.com/home/boehner-reid-obama-oh-my/
Alan Sills
alan@alansills.com
http://alansills.com
Officials from Standard & Poor’s and other credit rating agencies told a gathering of Republicans this week that a default on the nation’s debt by the federal government could lead to a “death spiral” in the bond market.
We have enough tax revenue to make our interest payments so –not- increasing the debt ceiling should not lead to a default on the interest payments. The actual significance of what has taken place in this incident is being misinterpreted.
