US Debt ceiling News
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Sydney -
As Fed chairman Bernanke asks the kids to stop fighting and get the go-kart back on the road before yet another wave of Congressional constipation in March, one thing is becoming obvious. Monetarism doesn’t work. Stagnation is its best result.
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Sydney -
The threat of a US default doesn’t just affect the United States. It affects the entire world. A major default could bring down the house of toilet paper currently described as the global financial system. What to do about it? Get very nasty indeed?
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Washington -
The Republican House Majority Leader John Boehner said that he is not confident at alll that he can make a deal with the Democrats on debt issues before the fiscal cliff Jan. 2, 2013. Unless a deal is reached the U.S. credit rating could be in jeopardy.
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The cause of the debt ceiling debate has been largely ignored. The root cause doesn't stem from Capital Hill. It's from a street 228 miles hard north.
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Washington -
For transparently dishonest, unbelievable stupidity even by the standards of the culture that gave the world the GFC, the current US debt ceiling debate takes any prize. Not raising the debt ceiling tells the world “we refuse to pay our debts”.
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Washington -
The Great Ideal of Capitalism, not paying taxes and letting everyone else pick up the tab, is one of the basic issues involved in dealing with the US debt ceiling. How about if the public doesn't pay taxes, either?
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US Debt ceiling Blogs
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In August 2011, Standard & Poor’s (S&P) (a unit of McGraw Hill) downgraded the credit rating of the United States...
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As the U.S. Congress once again pushes the country toward the limits of the debt ceiling, interest rates are likely to...
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