steeple
2010-08-24 19:28:53
Unsk, remember that the easiest thing to do for the Federales is to default on Social Security and other entitlements. Sorry suckers, you’re already in and we don’t need you any more. Makes the deficit look much better overnite, but admittedly with the accompanying political fallout. Much more attractive alternative than defaulting on Treasury owners who the Feds will need to continue to buy more paper.








