Here we go people. Congress has to raise that debt ceiling again or it will shut down. A stop-gap measure indicates more than meets the eye. They KNOW
they are running a huge risk of being bankrupt. I expect a US government default this year, and a bankruptcy filing in 2010. Sovereign debt buyers
won't continue this fiasco with news like this hitting the wire. How much do you think China will loan the Feds when they have to keep raising the
debt ceiling and resorting to stop-gap measures to keep the deficit budget from forcing a collapse?
This will not end well.
news.yahoo.com
(visit the link for the full news article)




