Posts Tagged ‘interest on the national debt’

U.S. Debt or Default: False Choice on Why the U.S. Debt Ceiling Should Not Be Raised


Thursday July 14th, 2011   •   Posted by Emily Skarbek at 5:16pm PDT   •   2 Comments

With the White House and the House of Representatives still at loggerheads over how to resolve the debt crisis, administration officials are turning up the heat, claiming that Washington has only two choices: increase the governmentís borrowing capacity beyond the current $14.3 trillion limit or face a catastrophic U.S. Treasury default. If the latter…
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