Debt | - Part 6

Born to Be on Disability

This 60-Minutes piece on the nation’s swelling disability rolls answered a lot of questions about how so many people can be receiving this government benefit that, now, is widely seen as just a bridge from unemployment to collecting social security at age 62.

One question that wasn’t really answered was how social security disability lawyers get paid and this story appears to settle that – they get $6,000 per successful claim and the money comes from the U.S. government, not the claimant.

An opposing view of the state of the government’s disability program is offered up here.

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Boehner Stands his Ground

This is kind of what Rep John Boehner (R-OH) did earlier today on This Week with George Stephanopoulos, leading many to think that we’re headed right toward a debt ceiling crisis.

From the Steve Sack archive at the Minneapolis, St. Paul Star Tribune.

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How to Bypass the Debt Ceiling

Virtually no one is talking about the government shutdown anymore as attention turns to the much more dangerous debt ceiling and this has prompted all sorts of new ideas about how to get around it. Here’s one view of how things might play out via the Daily Ticker.

One notable improvement on the debt ceiling debate from earlier in the year is that the idea of minting a $1 trillion coin and depositing it at the Treasury Department to balance the books seems to be getting little attention, though, the extraordinarily high coupon Treasury bill idea discussed above (a.k.a. Lew Bonds) seems to be almost as wacky.

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The Blocked World Power

With just a little bit of effort, the image on the cover of today’s Handelsblatt referenced in this Der Speigel story in today’s links post was located and is reproduced below.

Handelsbatt Cover

According to Spiegel, the headline translates to “The Blocked World Power”, however Google Translate says it’s “Blocked the World Makes”, that is, unless you get the capitalization right.

Either way, it’s not good.

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