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    Contrary Indicator

    OMB Director Jack Lew Talks Debt Supercommittee

    By Daniel Gross | Contrary Indicator – Fri, Nov 11, 2011

    OMB Director Jack Lew joined me and Aaron Task to discuss the progress of the debt supercommittee. The White House's working theory is that the default options of making massive cuts to defense and social spending are so obnoxious to everyone in Washington that it will force a consensus. I'm not sure I share his optimism.

    Daniel Gross is economics editor at Yahoo! Finance!

    follow him on Twitter @grossdm; email him at grossdaniel11@yahoo.com

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    1 comment

    • Brandy
      Brandy  •  6 mths ago
      Read the "Coming New Dark Ages: The Truth About the U.S. Economy" to see why the debts of the world's advanced economies can be reconciled only by default, regardless of fiscal policies.
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