Summary
As our so-called leaders in Congress lurch toward a budget impasse, contending parties are busy telling us what the implications would be.
If the debt ceiling is not raised, Democrats say Social Security checks might not be mailed and Medicare might go unfunded. They say U.S. default would throw international finances into disarray, perhaps triggering another recession.See the full content of this document
Extract
; the Effect of an Impasse
Republicans say that's horse hockey. The bad fallout from failing to raise the debt limit would not be as bad as the potential gain if a temporary government "shutdown" lea...
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