We’re now less than 2 weeks from when Uncle Sam apparently runs out of money to spend if the debt ceiling isn’t increased (here was my prediction on the debt ceiling vote from 6 months ago – to too far off, huh?). Anyway, equities continue to basically shrug off a potential disaster, figuring there will be some sort of fix in place by Aug 2. We’ve seen the expected pissing matches between both Democrats and Republicans – no touching the entitlements which are bankrupting the country and no raising taxes, which as much as I hate to admit it, have to go up eventually to even make a dent in our debt and obligations. My prediction? A completely inadequate “kick the can down the road” vote will break the impasse and both sides will declare victory. Until we need another increase.
Here’s some Sunday reading in Personal Finance and Investing from my favorite blogs:
Burning Platform – The Unforgiven
Financial Samurai – The Mid-Year Review
Sterling Effort – Should Investing be Scary?
Money Mamba – If I had a Million Dollars
My Journey to Millions – Conservatives vs Liberals…
Monevator – How to Live off Investment Income
101 Centavos – The US is Going Greek!
Oblivious Investor – How to Figure out the Cost Basis for Inherited Property
Carnivals that Featured My Content: