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IPFS News Link • Economy - Economics USA

X Date: The New Fiscal Cliff

1-20-2013 • Free Press Publications

ZeroHedge.com reports X date is approaching, that is “the day past which the US government will no longer be able to rely on 'extraordinary measures' to delay the day of reckoning, and will be unable to pay all its bills without recourse to additional debt. It is not the day when the US defaults, at least not defaults on its debt. It will begin 'defaulting' on various financial obligations, such as not paying due bills on time and in full, but since this is something Europe's periphery has been doing for years, it is hardly catastrophic.” But what will really happen? Are there non-violent ways to raise money and fund the government?

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Reported By Darryl W. Perry

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