Economist likens US debt default to “Doomsday”
Business and economics correspondent Rebecca Jarvis reports on the measures taken by the US Treasury to prevent a debt default, which economists predict would be catastrophic.
US Federal Income Tax Rate for Top Income Bracket 1929 – 2011
$15 Trillion US DEBT – A Visual Perspective
www.usdebtclock.org A look into how much hard cash the US government owes and the fiscal mess the United States is in. Produced by Edgar Sardarian.
S&P downgrades US debt outlook-On the Edge with Max Keiser-04-29-2011-(Part1)
www.presstv.com Standard & Poor’s (S&P) is a United States-based financial services company that publishes financial research and analysis on stocks and bonds. In its latest rating, the Agency looked at the US Government Treasury bond and said that there is a1 in 3 chance that US will lose its triple A (AAA: the highest rating available) rating. Max is joined by Karl Denninger of market-ticker.org to ask him about his thoughts about the issue.