I'm sorry, are there still those on the right who think breaching the debt ceiling is no biggie? This is extraordinarily stupid, my friends
@jneeley78 @freddoso @JimPethokoukis I'll dig around. Coulda sworn he (or another treasury official?) said that at a hearing
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@scottlincicome@freddoso@JimPethokoukis It's possible that they've updated their system for this contingency since last time. -
@jneeley78@freddoso@JimPethokoukis looks like I was mistaken re hearing, but here's some good bkgrnd: http://blogs.reuters.com/felix-salmon/2011/07/29/can-treasury-prioritize-bond-payments/ …
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@scottlincicome@freddoso@JimPethokoukis I confess that debates on this issue have a surreal quality. -
@jneeley78@freddoso@JimPethokoukis indeed. As salmon notes, they have a strong interest in making this as murky/scary as possible
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@scottlincicome@freddoso@JimPethokoukis It's true that if a nuclear reactor fails, there are safeguards to prevent a meltdown, but no oneMerci. Twitter en tiendra compte pour améliorer votre fil. SupprimerSupprimer
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@scottlincicome@freddoso@JimPethokoukis would say therefore we shouldn't worry about a reactor failure. -
@jneeley78@JimPethokoukis agree 100%. But I think@freddoso pt was that it's very bad, but not "default" (which is Armageddon)
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@scottlincicome@freddoso@JimPethokoukis Default is so bad you want to stay several layers removed from the possibility at all times. -
@jneeley78@freddoso@JimPethokoukis yep, but we shouldn't act as if those layers don't exist. Then again, with these jokers in govt... :-)
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@scottlincicome@freddoso@JimPethokoukis Saying hitting the debt ceiling is not so bad bc treasury can just prioritize is reckless. -
@scottlincicome@freddoso@JimPethokoukis Particularly when even small increases in the risk of default can affect bond and stock markets. - Voir les réponses
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RTS. You didn't read the article, did you?