Paying attention to the debt limit game of chicken?
It's all political theatrics as the end-game has been all so predictable.
Nevertheless, the clock is ticking. This last spring the International Monetary Fund forecast that based upon current projections the United States would be able to borrow money on the global market for a max of 15 years. Sure, much can change upon assumptions and economic conditions but a Grand Deal must be struck before time runs-out.
In 2026.
Cluck!
Source: International Monetary Fund
Tuesday, August 2, 2011
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