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Watchwoman on the Wall
Democrats Spook Markets with Bogus Threat of Default
By
Donna Calvin
“Failure to raise the debt limit would force the United States to default,” Treasury Secretary Timothy F. Geithner panted in a May 13 letter to Sen. Michael F. Bennet, Colorado Democrat. “A default would inflict catastrophic, far reaching damage on our nation’s economy, significantly reducing growth, and increasing unemployment.” Mr. Geithner’s hyperventilation ignores the experiences…
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