Thursday, October 3, 2013

Yada, yada, yada ... It's Still The Economy Stupid

The next big Government payments aren’t until the November 2nd Federal benefits payments.  The next big government debt payments aren’t until November also.  So this shutdown thing in Washington has the potential to drag on for at least a month before ‘real’ money is needed to be paid out.


Right now the potential for damage to the economy due to the Government shutdown is relatively minor.  But as this thing drags on the potential for damage to the economy increases.

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury



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