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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (31487)	6/11/2010 10:32:54 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

US government debt isn't. (Perhaps you were talking about US PRIVATE plus GOVERNMENT debt levels?)

To: Wayners who wrote (31487)	6/11/2010 10:46:25 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

Greek bond default seen as inevitable. After imposition of government austerity measures, level of Greek indebtedness projected to continue to rise as revenue falls and borrowing (albeit at somewhat reduced levels of borrowing) continues... the revenue drop should outpace the decline in borrowing): "He estimates Greece’s debt will rise to 150 percent of gross domestic product following the country’s austerity program, from 120 percent. “Hardly anyone I know believes they can carry it out and still not restructure. This is basically the expectation across all asset classes.” Banks With State Debt Ignore Not-If-But-When Default (Update1) June 11, 2010, 6:45 AM EDT Bloomberg (Updates with comments from Moody’s in 13th paragraph.) By Niklas Magnusson, Elena Logutenkova and Aaron Kirchfeld businessweek.com