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 »