Obama autographs debt theater playbill

posted by
August 2, 2011
ABC News    
Posted in News

"Hours before the U.S. faced a first-ever default, President Obama signed into law a compromise deal that averts a crisis by raising the debt limit, but signaled that he will not abandon his stalled efforts to raise taxes on the wealthy." [editor's note: Not raising the debt ceiling does not automatically entail default, nor if it did would this be the first US government default. The US defaulted in 1971 when Nixon "closed the gold window" - TLK]

  • MamaLiberty

    Wonder what rabbit they think they'll pull out of the hat when "the rich" simply stop producing anything. Or leave for Mars colony.

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