Why Obama’s Gamble on the Debt Ceiling Depends on the GOP Being More Sane Than it Is
In a pinch, the Treasury could issue IOUs to the nation’s creditors — guarantees they’ll be paid eventually. But there’s no indication that’s Obama’s game plan, either.
it must be that he’s counting on public pressure — especially from the GOP’s patrons on Wall Street and big business — to force Republicans into submission. Full Story »
Posted by Dwight Rousu
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