Alan: If not "clickable" above, the audio file -- and superb listener comments" -- for this Diane Rehm show are available at
http://thedianerehmshow.org/shows/2013-10-09/possible-repercussions-us-debt-default-home-and-abroad
Wednesday, October 9, 2013
President Barack Obama plans to nominate Fed Vice Chair Janet Yellen to succeed Ben Bernanke as head of the Federal Reserve. Yesterday both Obama and House Majority Leader John Boehner seemed as far apart as ever on the two questions roiling Washington: ending the current partial shutdown of the federal government and agreeing to raise the U.S. debt limit before an Oct. 17 deadline. The partial government shutdown has meant inconvenience for many and hardship for some, but most agree that repercussions of a failure to raise the debt ceiling are unpredictable and potentially devastating. Diane and her guests discuss what happens if we default.
Guests
Sheila Bair
senior adviser, The Pew Charitable Trusts and former chair, Federal Deposit Insurance Corporation; author of "Bull By The Horns: Fighting to Save Main Street From Wall Street and Wall Street From Itself."
Dean Baker
co-director, Center for Economic and Policy Research and blogger, Beat the Press; author of "The End of Loser Liberalism: Making Markets Progressive."
Kevin Hassett
director of economic policy studies, American Enterprise Institute.
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"The Reign of Morons Is Here," Charles P. Pierce, The Atlantic
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"A Southerner Explains Tea Party Radicalism: The Civil War Is Not Over"
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"The Great Recession Vaporized 40% Of Americas's Net Worth. The Tea Party Intends Worse."
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"The Shutdown Is A Republican Civil War" by Ezra Klein
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Republican Rule And Economic Catastrophe: A Lockstep Relationship"
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"Politics and Economics: The 101 Courses You Wish You Had"
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"Sarah Palin As The Mad Hatter" (Image)
"Republicans for Revolution," A Study In Anarchic Apocalypticism
"Sarah Palin As The Mad Hatter" (Image)
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"Jon Stewart Nails GOP Demands For Re-Opening Government"
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