Quote:
Originally Posted by whell
Default? Doubtful. Will we be forced into a position of having to prioritize our spending? Probably. Will the government crash and entitlement recipients go begging? Doubtful. I'm dubious of the predictions of doom that those who favor raising the debt ceiling seem to be peddling.
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When Warren Buffet says don't invest in the US and is looking to buy industries in South Korea and India I get concerned. PIMCO sold all its treasury bonds.
