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Debt ceiling "default" is a myth

http://onlyliberty.wordpress.com

We’ve all heard the news over the past week; Members of congress and the worlds largest news organizations have been hammering the claim that “if the debt ceiling isn’t raised, the federal government will go into default and our credit rating will drop, resulting in through-the-roof taxes and economic armageddon throughout the world!”. Is this true or a myth? The answer is: it’s a myth. And its obvious right on it’s face.

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Created by aoner1 2 years 37 weeks ago – Made popular 2 years 37 weeks ago
Category: Economics   Tags:
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