Here’s Why Jack Lew Is A Shameless Fearmonger
by Anthony Sanders, Wall Street Examiner Like the author Stephen King, US Treasury Jacob Lew is trying to scare the hell out of people. “We are a nation that pays our bills. We shouldn’t let partisan brinkmanship lead us into default.” Excuse me Mr. Lew, but not passing a debt ceiling has nothing to do with default. Here is why. Tax receipts for the Federal government is over 3 times higher than our interest payments on Federal debt. We have plenty of tax receipts to make debt payments already.
Liquidity moves markets!
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