January 8 Morning Reads
Tuesday, January 8 2013
X marks the spot, or more specifically the time when the U.S. will no longer be able to meet its obligations in full.
There have been two approaches during the episode known as the “European Sovereign Debt Crisis” one of austerity and one of stimulus. The author of this article provides these two different approaches and their results.
The term extraordinary measures may bring a number of things to one’s mind, but not actions that the U.S. Treasury should have to take consecutive years because politicians refuse to raise more the funds needed for the spending they themselves already approved. One of these actions to prolong the time that Washington can take “debate” the debt ceiling is found in this article.