Saturday, October 5, 2013

Robert Reich predicts Obama will unilaterally lift debt ceiling rather than allow a U.S. default

10/05/13

"Argentina is one thing," Reich said. "The United States, though, is a central pillar of the global economy.  And a default would have cataclysmic consequences for the global economy. Before we got to that point, even if the Republican Party or the Republicans in Congress refused to raise the debt limit, the president, I’m sure, would go along and raise the debt limit, notwithstanding. 

FULL ARTICLE

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