Wednesday, October 16, 2013

BBC News - US debt ceiling: Senate rushes to draft fiscal plan

How long until the US declares bankruptcy?  larger and larger political entities are filing all the time (think Detroit).

This isn't sustainable:

Graph showing US debt ceiling and which party holds presidency, House/Senate

Of course the treasury could just create 18 One Trillion dollar coins, and problem solved!  with a minor hit on inflation...

BBC News - US debt ceiling: Senate rushes to draft fiscal plan
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