World-News

By Philip Greenspun

The U.S. almost surely will default on some of its currently acknowledged obligations. The only question is whether it will be public employee pensions, Social Security, Medicare, or bonds.

http://www.informationclearinghouse.info/article28815.htm

--------

A Free-Market Sovereign Debt Manifesto
http://lewrockwell.com/holland/holland51.1.html

--------

S&P Downgrade Brought on by Republican Obstructionism

Jeff Madrick, New Deal 2.0: 'Does anyone really think that Standard & Poor's downgrade of US debt would have occurred unless there had been the Congressional stand-off on raising the debt ceiling? For all of S&P's handwringing about the nation's debt problems, Congressional recalcitrance was the driving issue. So when the press says neither the Democrats nor the Republicans can escape blame, it is in truth nonsense.'

http://www.truth-out.org/sp-downgrade-brought-republican-obstructionism/1313171551



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Republican
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Standard+&+Poor
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=social+security
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=medicare
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=employee+pension
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Philip+Greenspun
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=/holland
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Jeff+Madrick
-----