Thursday, October 3, 2013

Default Risk?

http://www.nytimes.com/2013/10/04/us/politics/debt-limit-impasse.html?smid=pl-share

How can the government be arguing about a single point on a bill when there is a chance that the impasse could force us to default?

6 comments:

  1. I wonder what would happen if we defaulted... I imagine it wouldn't be good for the world economy.

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    1. I think the articles are clear on the fact that it would harm US economy. It may shift attention China, after all china has been working hard to be the head economy in the world.

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  2. How will we ever pay it all off is the question.

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  3. How can this even be up for debate with the outcome being the worst thing to happen to us in recent years.

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  4. They definitely need a bipartisan solution, otherwise the government will continue to be shut down and will, inevitably, default. I just don't know how long it will take them to reach a compromise...

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  5. Republicans keep their eyes on the prize: taking food from hungry children, deepening a 23 per cent child poverty rate, harming the million American schoolchildren who are homeless, and letting poor Americans die rather than provide them with a federally-funded expansion of medicaid.

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