Comments on: US Government Debt Equals Technical Bankruptcy http://bookmarks.honewatson.com/2008/01/11/us-government-debt-equals-technical-bankruptcy/ I bring you the best from the web - random bookmarks. Fri, 14 Oct 2011 13:38:49 +0000 hourly 1 http://wordpress.com/ By: US national dept http://bookmarks.honewatson.com/2008/01/11/us-government-debt-equals-technical-bankruptcy/#comment-1348 Mon, 07 Jun 2010 11:22:05 +0000 http://bookmarks.honewatson.com/2008/01/11/us-government-debt-equals-technical-bankruptcy/#comment-1348 Agree. Frankly, the debt limit is just a political game so that the party out of power can complain about the party in power. It has no practical effect. Robert Rubin proved that (when was that, 1995?). If memory serves, we were over the debt limit for about 3 weeks, but Treasury shenanigans papered over it.

Don’t get me wrong. The US is close to the brink, but not because of the debt limit. It’s like when Bugs Bunny draws a line “I da’st you to step over that line”. –next line — “Well, you’ll never step over this one.” –new line–, etc. until Elmer Fudd steps over the last line and falls off a cliff. Actually, rather prescient now that I think about it.

]]> By: Geoff Hibbert http://bookmarks.honewatson.com/2008/01/11/us-government-debt-equals-technical-bankruptcy/#comment-698 Tue, 15 Jan 2008 22:21:54 +0000 http://bookmarks.honewatson.com/2008/01/11/us-government-debt-equals-technical-bankruptcy/#comment-698 Oh, tecnical bankruptcy to go with the US governments moral bankruptcy. Somehow poetic don’t you think.

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