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Déjà vu - Strappado Wrack - Raising the Debt Ceiling Avoids the Spending Addiction
03-19-2017, 03:11 PM,
#1
Déjà vu - Strappado Wrack - Raising the Debt Ceiling Avoids the Spending Addiction
Déjà vu - Strappado Wrack - Raising the Debt Ceiling Avoids the Spending Addiction

<span style="font-family: Trebuchet MS, sans-serif;">The latest example of political hyperbole is that the U.S. Treasury is ready to default on its debt. An actual examination of the underlying facts is that the relative purchasing value of the currency has long ago swindled debt holder in U.S. Bonds of their promised returns. A default defined under this definition is part of the equation. Repudiation of the entire debt obligation is the real fear. Contrary to all the public scare tactics that the financial world will stop turning, the Federal Treasury has ample revenue to pay the interests on bonds and notes that come due. The essential issue is whether the new bond lenders are willing to roll over the debt that is coming due and keep the shell game going.</span><br /><span style="font-family: Trebuchet MS, sans-serif;"><br /></span><span style="font-family: Trebuchet MS, sans-serif;"><a href="http://www.batr.org/wrack/073111.html">Read the entire article on the "Strappado Wrack" archive page</a></span><br /><span style="font-family: Trebuchet MS, sans-serif;"><span style="font-family: Trebuchet MS, sans-serif;"><br /></span><a href="http://eepurl.com/ESQ5L"><span style="font-family: Trebuchet MS, sans-serif;">Subscription sign-up for the BATR RealPolitik Newsletter</span></a></span><br /><span style="font-family: Trebuchet MS, sans-serif;"><span style="font-family: Trebuchet MS, sans-serif;"><br /></span><span style="font-family: Trebuchet MS, sans-serif;"><a href="http://forum.batr.net/showthread.php?tid=38156">Discuss or comment about this essay on the BATR Forum</a></span></span><img src="http://feeds.feedburner.com/~r/DjVuBySartre/~4/YLJEZcUsVYk" height="1" width="1" alt=""/>
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