Archive for October 14th, 2013

The Federal Non-Essentiality Rule


Monday October 14th, 2013   •   Posted by K. Lloyd Billingsley at 9:31am PDT   •   2 Comments

Nobody should be surprised that the federal government is doing a poor job shutting itself down. The attempt is providing plenty of drama and long-winded speeches, but some the best lines are coming from comics, not politicians. David Letterman, for example, observed that too many non-essential government workers would seem to be the problem....
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The Risks of Default, Technical Default, and Business as Usual


Monday October 14th, 2013   •   Posted by Craig Eyermann at 7:09am PDT   •   1 Comment

About 17% of the U.S. federal government has been shut down since October 1, 2013, and later this week, on October 17, 2013, the U.S. Treasury reports that it won’t be able to continue play its shell game in keeping the U.S. national debt officially below the legal debt ceiling. In terms of negative...
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