Links for August 1, 2011: Debt Stuff; A Block of MoJo; others….

August 1, 2011
  1. Hitting a debt limit is not the same as defaulting.

  2. Failure to raise the debt ceiling need not entail default; but it would still ding Uncle Sam’s credit rating.

    A more in depth discussion on the limit vs. default issue. I have not yet fully evaluated it.

  3. This is how Congress has been behaving for quite some time. Creditors may start to call soon.  Read the rest of this entry »