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Latest debt ceiling fix-it: IOUs
The congress needs to listen soon or face problems
For every problem, a contingency plan has to be in place. That is what Edward Kleinbard, a tax and legal scholar, has sought to do by offering a workable contingency plan to the Obama government, regarding raising the debt ceiling. If the government chooses to look other way, serious fallout in the form of trading of IOUs could take place.
Read the full article here:
Latest debt ceiling fix-it: IOUs
For every problem, a contingency plan has to be in place. That is what Edward Kleinbard, a tax and legal scholar, has sought to do by offering a workable contingency plan to the Obama government, regarding raising the debt ceiling. If the government chooses to look other way, serious fallout in the form of trading of IOUs could take place.
Read the full article here:
Latest debt ceiling fix-it: IOUs
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