[Nateman]

the squeeze would have to be on a scale large enough within a few months to tip the US economy into a downward spiral and take the world with it.

I call BS! It means the feds FINALLY have to spend no more than they take in. Having a bunch of predators and parasites ripped away from Uncle Sams tits so that they can no longer harass us and eat out our substance would make the economy take off like a rocket!

I'm surprised Ambrose Evans-Pritchard wrote this, he did great coverage of the Clinton crimes years ago, I had hoped better from him.

[bruinbirdman]

"I'm surprised Ambrose Evans-Pritchard wrote this"

This is AEP's blog. His second one, now, between Telegraph articles.

He does this to get feedback and ideas for his final draft that is published in the paper.

Check out some of the 500+ responses to this blog. Also his Kabuki blog here:

The Kabuki theatre of America's Debt Ceiling

yitbos