The potential loss of the dollar as a reserve international currency is now underway. The ability to protect U.S. global interests in the future will be diminished in this process.
Do not treat unlimited government spending lightly. The repercussions can be extremely serious in matters of our economic and national security.
Think of what is happening with Greece and the European Union. The U.S.debt ceiling question is not important. Spending below that ceiling resolves the problem.
A budget deficit that cannot be overcome without massive taxation guaranteed to stifle economic growth, to prevent deficit reduction is a major difficulty.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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