Debt Ceiling

Sec’y Lew letter, moving up the date to likely default to November 5, just 5 days after Boehner leaves.  What a mess!

Countries usually fall into sovereign default after a number of disastrous economic decisions.  We’re doing if so the Republicans can get more air time on Fox news.  It is scary, and the Republicans are crazy to play a game of Russian roulette with the economy.  The problem with Russian roulette is sometimes the gun does go off.

http://www.treasury.gov/Documents/Treasury%20Letter%20to%20Congress%20100115.pdf

Could be one screaming stupid mess.  I know Marco Rubio voted against raising the debt ceiling last time.  Tom Cruz and Rand Paul likely voted against it too.

Stay tuned,

Dave Lord

 

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