Debt, default, denial

posted by
June 30, 2011
Boston Globe
by Joshua Green  
Posted in Commentary, PND Commentary

"The White House and Republican congressional leaders insist the debt ceiling will be raised well before the United States has to default, which would cause massive economic disruption. ... nobody in Washington or on Wall Street seems very alarmed. The Treasury says it can hold out until Aug. 2. But a look at the current politics and the recent history of debt-ceiling showdowns suggests that alarm might soon become warranted." (06/30/11)

http://tinyurl.com/3l8228l  

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