Tuesday, January 8, 2013

Deja Broke: Presenting The Treasury's Options To Continue Pretending The US Is Solvent

http://www.zerohedge.com/news/2013-01-08/deja-broke-presenting-treasurys-options-continue-pretending-us-solvent

The debt limit is only one of three upcoming fiscal issues, albeit the most important one. Congress also must address the spending cuts under sequestration, scheduled to take place March 1, and the expiration of temporary spending authority on March 27. While these are technically separate issues, it seems likely that they will be combined, perhaps into one package. This remains a 'very' recurring issue, given our government's spending habits and insistence on its solvency

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