When you hear something in the mainstream media so often, you actually start to believe it. We’ve heard over and over again that the US has NEVER defaulted on its debt obligations and to do so now would be unprecedented. This debt ceiling vote issue’s been swirling around for months now, but just recently, I found out the US did in fact default on T-Bill payments once in 1979. This article at TaxVox summarizes pretty nicely what caused it and how it played out.
But next time you hear an analyst or an anchor say the US has never defaulted, you can grin at your worldly knowledge and call BS. With that said, here are several other worthwhile reads since my last weekly update (I know, they’re more like every 2-3 weeks):
Around the Web and Yakezie:
Len Penzo – Abolish the Fed! (in 100 words)
Invest it Wisely – Coupon Addicts!
Retire by 40 – Refince the Retirement Home
Dividend Monk – High Yields in Health Care
Fiscal Fizzle – Lessons Learned from American Idol
Financial Samauri – Hiring Relatives (or not)
Consumerism Commentary – Design and Stick to a Budget!
Frugal Zeitgeist –May 2011 Recalls
Punch Debt in the Face – Would You Pay for an Interview?
Krant Cents – The End of Networking?
Stuff I Wrote All Over:
- Joint Checking for Couples? Hmmm.
- Doing Clinical Trials for Money Worth the Risk?
- Are Music Lesson Worth It? An assessment
- Inflation Conspiracy? EAT ME
- Easy 10% Return in Silver Trade – Once Again
- 7 Things Your Pool Contractor Won’t Tell You
- Should an American Now Lead the IMF?
- Health Insurance Covers….(not this)
- How to Get a Snowblower for 1/3 the Price!
Carnivals That Featured My Content: