Debt Ceiling Brinksmanship

Cumulonimbus

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Thursday October 10, 2013 · 1:42 PM PDT

2013/10/10 · 13:42

Intransigent Republican extremists are toying with US default, blowing up the economy, devaluing the dollar, devaluing the T-Bond, inflating US debt service obligations, and threatening the international acceptance of the dollar as world reserve currency. Potential fallout defies the imagination. Today Boehner blinked. But if this six-week extension goes through then the Republicans will simply extort the government again in late November. Read More

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