Sunday, June 12, 2011

US Government to have technical default on debt?

While I applaud the Redumblicans attempt to bring the national debt into the debate in DC, even a technical default (letting interest payments slide a couple of days) would have us lose our AAA debt rating, and would require the Fed Reserve to raise interest rates, something that would be horrible during a recession.

Hopefully we can discuss options in DC without a gun to the head of ol' Uncle Sam.

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