Some of you may have heard some noise in the media over the past week about the small dip in ...
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Debt Ceiling Does Not Threaten Default
July 7, 2011
You've probably heard all the talking heads on TV shouting about how Congress needs to raise the debt ceiling or the entire government will default on its obligations and shut down. In reality, this is little more than the typical case of the media and politicians warning us that the sky is falling to push their own agendas. Take a few moments to watch this video from Brian Westbury, where he shows how our government's debt obligations really work and why this looming default just plain won't happen.
http://www.ftportfolios.com/Commentary/EconomicResearch/2011/7/6/debt-ceiling-part-1
