Saturday, April 23, 2011

America's debt: The debt ceiling and default

http://www.economist.com/blogs/freeexchange/2011/01/americas_debt

Rubin, O’Neill Say Debt Ceiling Should Be Separate From Budget

Jamie Dimon: Here's What Will Happen If The Debt Ceiling Isn't Raised And The U.S. Defaults
http://www.businessinsider.com/jamie-dimon-debt-ceiling-isnt-raised-and-the-us-defaults-praying-2011-4

Tim Geithner Confident Congress Will Raise Debt Ceiling: Not Doing So Would Be 'Catastrophic'


U.S. inching closer to debt ceiling
The U.S. credit limit of $14.3 trillion is almost maxed out. The national debt is expected to hit its limit by mid-May. And, as Whit Johnson reports, if something doesn't change, the U.S. could go into default for the first time ever.



Raise the Debt Limit?
Apr 22, 2011- 9:54 -- Rep. Peter Welch (D-VT) tells Alan why he wants Congress to extend the debt ceiling without conditions



National debt default and its impact
Russ Mitchell and managing director of Zephyr Management Jim Awad discuss the national debt and what a default might mean for the U.S.




The Debt Limit: Made Simple
This video takes you to the United Estates--a gated community in sunny Florida--to help you understand the impact of Congress decision to annually raise our nations debt limit without addressing the out-of-control spending that keeps us buried in debt.

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