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Old 10-02-2013, 09:19 PM   #56
peacepipe
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Originally Posted by Taco John View Post
FYI - the president's lawyers disagree that it would be constitutional, and they know that there would be a court challenge, thus making all the bonds in the market at that time on shaky ground, thus requiring higher interest rates. From everything I've heard the President is not going to assert himself in that way.
14th amendment baby, obamacare was challenged in court as well.defauting far worse , if the market knows taht they don't haveto worry about deflautinf anymorw it'll stabilize.
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