"That means that unless Congress raises the debt ceiling, allowing the Treasury to issue new debt, the United States may find itself unable to make all of its payments — stiffing government contractors, or state and local governments, or even its bondholders."I think the Treasury could fix it pretty quick by "stiffing" the states who's representatives in the house pushed us into this. No Fed money for any state with a Tea-Bagger rep. Extortion can work both ways.
'via Blog this'
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