Some Common Cents for October 30th 2015

November 2, 2015, by John Norris

To read the headlines this week, you would think the US Treasury stood at the precipice of defaulting on its debt. Nothing could be further from the truth. The US won’t default on its debt until it absolutely can’t finance it any longer, and that is some years away. After all, for the fiscal year to date ending in August 2015, the Treasury has raked in $2.883 trillion and paid out $381.346 billion to service...

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