News from Oz: RBA board member warns of Europe meltdown [1]. (Thanks from Tom in Buffalo for the link.)
C.D.V. sent the latest news of fiscal suicide: Despite Deadline Uncertainty, U.S. Faces Bad Choices if Debt Limit Not Raised [2]. Morici argues there is one way for the government to keep paying its bills for a year or longer: “The Treasury can print money and the Federal Reserve can buy back that cash when it goes into circulation with its portfolio of bonds, and keep going quite a bit that way.”
Items from The Economatrix:
Greece Passes Steep Cuts as Riots Seize Capitol [3]