Wednesday, June 29, 2011

ABC News: Anatomy of a US Debt Default

The above link is to a fairly balanced overview of what could happen if the debt ceiling isn't raised by the beginning of August.  There are some interesting nuggets of information imbedded in this article and I consider it to have been worth the read.  While it doesn't really go into the long-term problem of debt as much as I would like (information which is available through other sources) it does give some specific examples of what we might see transpire, which I find valuable.

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