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Global Economic Watch Federal Budgets and Public Policy January 6 , 2011

Global Economic Watch Federal Budgets and Public Policy January 6 , 2011. Letter. I am writing in response to your request for an estimate by the Treasury Department of when the statutory debt limit will be reached, and for a description of the consequences of default by the United States.

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Global Economic Watch Federal Budgets and Public Policy January 6 , 2011

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  1. Global Economic Watch Federal Budgets and Public Policy January 6, 2011

  2. Letter I am writing in response to your request for an estimate by the Treasury Department of when the statutory debt limit will be reached, and for a description of the consequences of default by the United States.

  3. Deficits

  4. Debt

  5. Public Debt While America cannot default on its debt, we also cannot continue to borrow recklessly, dig ourselves deeper into this hole, and mortgage the future of our children and grandchildren.  Spending cuts – and reforming a broken budget process – are top priorities 

  6. Discussion Why Secretary Geithner sent the letter to Congress? When is the debt limit expected to be reached? What is so bad about the default?

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