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    Jun 23, 2011 . AMERICA'S debt is supposedly the world's safest, backed by . The vast Treasury market itself—for Treasury bills, Treasury bonds and other government securities —remains largely . Firms usually get a few weeks' grace to make a payment. . Yet history suggests that even a technical default can be costly.
    http://www.economist.com/node/18866851

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    Reinhart.001-020:Layout 1
    Because this book is grounded in a quantitative and historical analysis of crises . most any kind of economic crisis, be it a sovereign debt default, bank- ing, inflation . TABLE 1.1. Defining crises: A summary of quantitative thresholds. Maximum . ternal debt obligations—that is, a default on a payment to creditors of a loan .
    http://press.princeton.edu/chapters/s8973.pdf

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The Burning Platform
Their lack of historical perspective does a huge disservice to the American people, . The Federal government reports that only 13 million of these people are . trillions in new debt by taking over Fannie Mae, Freddie Mac and Sallie Mae; and .
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