Friday, July 29, 2011

Obama, Geithner May Regret Threats of Default: Caroline Baum

For Washington's part, the short-term focus on raising the $14.3 trillion debt limit by the Treasury's Aug. 2 deadline has become a diversion from the nation's long-term fiscal problems. The federal government has to rein in the growth of its debt so that it becomes
manageable in relation to the size of the economy.


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