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Thursday, 28 July 2011
17% of US August cash income is enough to avoid default.
Mike Shedlock
An adult discussion of what Government bills to pay next month. (
Global Economic Analysis)
Estimated unborrowed revenue in August: $172.4 billion.
Cost of avoiding default: $29.0 billion interest on Treasury securities.
Decide how to spend the rest here.
(Washington Post interactive list of priorities)
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