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The U.S. government
can push back a default a month or more
after the Aug. 2 deadline set by the Treasury Department, Wells Fargo chief economist John Silvia says. The Fed and Treasury can work together to generate enough cash "probably for the next two or three months," adding credence to reports that the U.S. is telling big banks a default
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If US Inc was a business, then it would be out of business or bought out at cents on the dollar. I am really disappointed that our elected officials have acted so irresponsibly and ineffectively. Please stop this drama! Americans, please do not contribute to any campaigns (Obama or your favorite Republican) until you see positive action from these jokers.
Step 1: Raise the debt ceiling unconditionally. No ifs and buts.
Step 2: Reduce causeless national spending. I am sure there are still several possibilities. For example, why defend allies that don't give a damn about us politically?
Step 3: Tax the hell where possible. What do you mean no raising taxes? If you are a Citizen, consider it your privilege.
Step 4: Plan for the future. Raise investment in education at every level, build quality infrastructure, support unique competencies, build a self-sufficient nation. Show me a vision to make America #1 in 2030!
Mr. Obama & Republicans,
It is time to act to succeed, not hope to succeed. The stupidity of past years of management - Cliton/Bush - is also to blame. Let not political rhetoric drive the right decisions needed.
Jul 25 08:00 PM
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