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There was a story on yahoo that Lew might order the IRS not to release any tax refunds until the debt ceiling is raised. If that's not a blatant attempt to get the Obama voter riled up and mad at Republicans I don't know what is, you see the dirty secret is that because of the Earned Income Tax Credit, many low income people get back FAR more in tax refunds than they actually pay in (sometimes to the tune of $5,000 or more). In reality the Earned Income Tax credit is the biggest welfare transfer in the nation. Well these same people have come to expect said payout by the middle of February every year and will even go take out and make purchases on credit or take out short term, high-interest loans (Refund Anticipation Loans) expecting to pay them back by a set date. If the spigot is cut off....the excrement is going to hit the air circulation device quickly...

The high interest on the refund loans is charged by the day until the refund is rec’d. which is currently within 21 days. Sounds like the banks would come out winners if they still give out the loans and can charge for each day the refund is delayed. Unless Elizabeth Warren comes to the rescue.