Thursday, July 14, 2011

Default risk, USA

US Default Risk Jumps To Highest Since February 2010 On Debt Ceiling Worries

Yea, OK, who cares. We are not borrowing anything until Aug 3, and maybe not then.  Since interest costs are low, we have little need to borrow just for debt costs.  Impose a mild set of austerity and we easily keep on trucking for three months.

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