In recent weeks, President Obama and Treasury Secretary Jack Lew have made the rounds, arguing vociferously that if Congress does not raise the debt limit by October 17, the U.S. could default and “economic chaos” would ensue. The Treasury Department put out an entire report on the damaging consequences of a government default. The President even went so far as to call it an “economic shutdown” and began scaring seniors, suggesting that their Social Security benefit checks wouldn’t arrive on time.
Showing posts with label Moody's Debt. Show all posts
Showing posts with label Moody's Debt. Show all posts
Thursday, October 10, 2013
Moody’s on Debt Limit: Calling Obama’s Bluff on Default
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