Default or No, Real Economics Ahead
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Posted 08.01.2011
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Business
Read More:
U.S. Economy,
Unemployment,
Debt Ceiling,
Recession,
Economy,
Economic Crisis,
Business News
Just talking about a possible default has triggered likely credit downgrades of US Treasury debt that will drive up the cost of money worldwide, slow the global economy, and also, for us, raise unemployment -- and the deficit.
