Robert J. Samuelson on whether America could go broke - Washington Post: Op-Eds
() The idea that the government of a major advanced country would default on its debt -- that is, tell lenders that it won't repay them all they're owed -- was, until recently, a preposterous proposition. Argentina and Russia have stiffed their creditors, but surely the likes of the United States, Japan or Britain wouldn't. Well, it's still a very, very long shot, but it's no longer entirely unimaginable. Governments of rich countries are borrowing so much ... Full Story »
Posted by Elsbet Roed Brosky - via Fair Spin (Right), Opinion Source, NewsRack (Recession)
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