The media adores the US debt situation. It stands to make them a ton of $, feasting on the (transparent) scare tactics of Geithner, Obama and others.
They’ve scared the pants off the average American. A "default" they claim means not only that retirement funds vanish, but it means the end of civilization as we know it.
BO, Geithner and Bernanke know better than that.
If it happens, it will be a temporary, technical default. Good medicine.
Robert Craven
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