July 2011 Newsletter: Debt & Default
We wanted to share some of our thoughts on the upcoming August 2nd deadline to increase the US Government’s debt ceiling. It is very unfortunate that we are approaching the deadline without a resolution clearly in sight. Given the nature of current political debate, it appears that we won’t have a solution until the last minute, if then. We haven’t seen too much thoughtful discussion of what might actually occur if the deadline passes with no action by Congress. This is not the first time our nation has been faced with this challenge. In 1957, the Federal government...
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