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Monday, July 25, 2011

Bob Brinker Moneytalk Summary for July 24, 2011

Sunday Bob Brinker started the show by saying "Our Toll Free Line 1-800-934-2221. That is our contact number."
Brinker then summarized the debt ceiling issue. Brinker said there is an interest payment due on August 4 that is large enough to put the Federal Government beyond the debt ceiling unless the government can find a legal way to extend the debt ceiling. He said on a "technical basis" we are beyond the debt ceiling but the Treasury has found various ways to extend this.
Brinker said the question we are debating is "how much government will Americans be willing to pay for?" He said the voters will have an opportunity to give their opinion on this issue in the next election.
Near the middle of the show Brinker made what I believe is an excellent point. That is .....


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