Tuesday, June 30, 2015

Tax and Spend

Greece defaults. I guess missing a payment isn't a default.
"Greece is not technically in default, but missing the payment is yet another an unmistakable warning that the country will probably be unable to meet its other obligations in coming weeks, to its bond holders and to the European Central Bank. That may might make the European Central Bank, one of its principal creditors, less willing to continue emergency loans that have been propping up Greek banks for the past several months. "
They moving the goalposts.

Treasury has illegally frozen the debt for 15 weeks.

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