by Bill McBride
"I'm frequently asked why I'm not worried about the debt ceiling, and why the bond market doesn't seem to care.
The answer is the debt ceiling is a joke. It serves no purpose except political posturing.
The budget is about the deficit; the debt ceiling is about paying the bills - and the U.S. will pay its bills".
The answer is the debt ceiling is a joke. It serves no purpose except political posturing.
The budget is about the deficit; the debt ceiling is about paying the bills - and the U.S. will pay its bills".
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