Max Keiser 2011: Year of the Big U.S. Default?
Jan 7, 2011 at 1:39 AM
DailyBail in Federal Bankruptcy, aaa rating, debt ceiling, federal debt, federal deficit, max keiser, max keiser, national debt, vide3o

Video - Max & Stacy - Jan. 5, 2011

Clip runs 90 seconds.

Discussion of debt ceiling and potential U.S. downgrade, by Moody's presumably, and default.  We've discussed it many time here before - Keiser is being hyperbolic - default is not possible when you're printing the global reserve currency, but a AAA downgrade is not out of the realm of possibilities, especially given Moody's reaction to the irresponsible extension of the Bush tax cuts, that were not offset by any spending cuts.  

That's how to show fiscal responsibility, Congress.  Great work.






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