Thursday, January 13, 2011

Mazi's Link O' the Day

Here's an article explaining why raising the debt ceiling doesn't necessarily guarantee not defaulting. Interesting point: it appears the federal government has not set policy on what order it must meet its outstanding debt payments (i.e.- interest or non-interest outlays first):

http://www.economist.com/blogs/freeexchange/2011/01/americas_debt

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