The Right Scoop
Help me out here. We need to borrow money to pay back monies we borrowed. How am I doing so far? If we don't borrow more money to pay back monies we borrowed, it will be harder to get credit to borrow more money to pay back money we don't have, so we can borrow more money we need to pay back money we borrowed to supplant the money we spend on money we need to borrow to pay.......am I close?
Everytime I turn around I hear some media talking head (doesn't matter which network) say "The August 2nd deadline .......when we default on our debt." I find myself screaming at the TV or the Radio, "NO IT ISN'T, it's the debt ceiling". They have all been trying to beat that message into our heads, that one minute after midnight Aug 2nd ,that's it kids the sky has fallen.
Everytime I turn around I hear some media talking head (doesn't matter which network) say "The August 2nd deadline .......when we default on our debt." I find myself screaming at the TV or the Radio, "NO IT ISN'T, it's the debt ceiling". They have all been trying to beat that message into our heads, that one minute after midnight Aug 2nd ,that's it kids the sky has fallen.
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