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Federal Government Default

Congress: You Are the Scorekeepers for the U.S. Dollar, Not a Player!

Warren Mosler | Posted 10.01.2011 | Politics
Warren Mosler

There is no looming financial crisis for the U.S. Government, the scorekeeper for the U.S. dollar. The U.S. Government can't run out of dollars, and it is not dependent on taxing or borrowing to be able to spend.

Time Running Out to Save America's Dysfunctional Marriage

Dorian de Wind | Posted 10.01.2011 | Politics
Dorian de Wind

Unless some common sense and caution prevail very quickly, it looks like T.P. may just get his way. If so, this American dysfunctional marriage will bite the dust and, as usual, the children will be the big losers.

Congress Needs to Do Its Job: Pay America's Bills, Put Americans Back to Work

Heather McGhee | Posted 09.26.2011 | Politics
Heather McGhee

Millions of Americans were thrown out of work because of forces beyond of their control in 2008. It should be unthinkable for any leader to threaten to intentionally revisit that suffering on more Americans for political gain, and yet that is where we are.

William Alden

'A Different World': U.S. Government Default A Possibility | William Alden | Posted 07.27.2011 | Business

As lawmakers in Washington delay authorizing additional public debt, investors are treating the prospect of a U.S. government default -- while still h...

William Alden

Geithner: Not Raising Debt Limit Could Cause Recession | William Alden | Posted 07.16.2011 | Business

The federal government reached its debt limit Monday, and Treasury Secretary Tim Geithner again detailed the disastrous and widespread consequences of...