Reuters Getting It Wrong–Again. Intentional?

suyts space


This article isn’t really about the govt. shutdown, but, rather about the other upcoming fight, the debt ceiling.

Reuters has this to say….

SEOUL/BEIJING (Reuters) – Unless the U.S. Congress settles a political showdown to raise the country’s debt ceiling in coming weeks, it will be left But America’s main creditors in Asia may be the least of its worries.

The creditors – China, Japan and other Asian governments – have a hoard of U.S. Treasuries in their $5 trillion cache of foreign exchange reserves, the equivalent of almost a third of U.S. gross domestic product.

Uhmm, no.  That’s factually incorrect.  Failure to increase the debt limit will in no manner near us to defaulting on our debts.  It’s a lie. 

The US, continues to gain revenues with our without the debt limit increase.  By law, the interest on our debt is paid first.  We are in no manner in…

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