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Obama Signaling Banks: No Default
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07-27-2011, 04:10 PM
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Abaronos
Join Date
Oct 2005
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452
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What this means is that if congress does not authorize the rise of the debt ceiling by Aug 2, we'll stop cutting checks to pensioners and and govt workers before defaulting on our debt.
I wonder what the political implications are? That could really hurt the GOP if Obama and the Dems can successfully make the Republicans look at fault.
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Abaronos
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