The US debt limit issue has been kicked down the road for a few more months ready for another round of politicking then. This release from the White House about a week ago is interesting, and slightly chilling nonetheless. It describes the _...Read More_

"The lessons of 2008-09 leave many smart and intelligent people’s finances as unsuspectingly vulnerable as Paris in the spring of 1940. Treasury bills provided cover and safety when the stock market was falling in late 2008 and early 2009. _...Read More_

"Treasury Secretary supports abolishing the federal debt limit, calling it a “very destructive” threat to the full faith and credit of the U.S."

"Endless growth is much more fun than a world with limits. Unfortunately, endless growth on a finite planet is impossible."

"Putting strict limits on borrowing is arbitrary."

"The real default risk arises from Congress’s endless borrowing, not from the limit on it."

"Democrats and Republicans are locked in a high-stakes battle over the federal debt ceiling, with the U.S on track to default as soon as next month."

"The Business Roundtable on Wednesday sent a letter"

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"The legal limit on how much debt the U.S. government can owe was reimposed Sunday, kicking off a high-stakes battle over federal spending with dire implications for global financial markets."