Default

I’m not the only one

July 28, 2011 Budget

Lawrence O’Donnell just said the solution would be for Boehner to get the Democrats and about 50 “not-crazy” Republicans to pass the debt ceiling increase. Same strategy as I mentioned here. But then he pointed out that Boehner has never done anything to draw Democratic votes. Oh well.

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More on what happens to states if the Federal Government does not increase the debt ceiling

July 20, 2011 Debt

Here’s another analysis of what happens to states, this one with an interactive map and two scenarios if the Federal government can’t get its act together. We might get some state and local defaults after all.

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If the Federal Government decides not to pay its bills

July 19, 2011 Default

Mathew Yglesias does a nice summary of how the pain (and whatever) will roll downhill if the Federal Government decides not to pay its bills. Actually, Yglesias says “can’t pay its bills.” I think it’s a matter of Congressional choice. Note which states are most likely to suffer the most.

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