Oops! We’re not going broke on August 2nd after all.
It seems as though Secretary Geitner and President Obama were wrong. The United States will not default on August 2 after all. The 80 million checks can be issued as planned. Armageddon has been postponed for 8 days. How did this happen? It seems that projecting government income and expenditures isn’t rocket science–it’s not science at all–it’s anybody’s guess. And Geitner guessed wrong by several | Read More »