A President Who Is More Like Harry Reid than Harry Truman
www.bernardgoldberg.com
President Obama says if Republicans fail to increase the debt ceiling they will be responsible for an “economic shutdown.” The Treasury Department says if the U.S. government defaults on its obligations, it would be “catastrophic.” D-Day is October 17. That’s when the government of the United States technically runs out of money to pay our debts. You’ll be hearing a lot about a U.S. government “default” – the first in our long history -- but that’s misleading. There will be enough money to pay bondholders, so there won’t be any real default. Still, the government won’t be able to pay
A President Who Is More Like Harry Reid than Harry Truman
A President Who Is More Like Harry Reid than…
A President Who Is More Like Harry Reid than Harry Truman
President Obama says if Republicans fail to increase the debt ceiling they will be responsible for an “economic shutdown.” The Treasury Department says if the U.S. government defaults on its obligations, it would be “catastrophic.” D-Day is October 17. That’s when the government of the United States technically runs out of money to pay our debts. You’ll be hearing a lot about a U.S. government “default” – the first in our long history -- but that’s misleading. There will be enough money to pay bondholders, so there won’t be any real default. Still, the government won’t be able to pay