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US government shutdown



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  1. The issue may seem simple but it is not – the relevant major considerations are: 1) the sustainability of the USA Debt [good reference: – “The Debt Limit: History and Recent Increases” by D. Andrew Austin & Mindy R. Levit, dated Sep 25, 2013] and the dangers of USA going bankrupt – in 2011, S&P reduced its credit rating; 2) the Republicans’ objection to Obamacare (& why); 3) the use of brinksmanship as a tactic – all three parties – President Obama, Democrats & Republicans and 4) the rest of the world being powerless to prevent this financial melt-down if it happens. Of course there are other pertinent points ….

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