Politics and Money

[properlynumb]

There's a political stratagem to postpone the fiscal cliff:
Allow the President to 'win' a percentage rise for the wealthiest.....
Maybe to 38% as the top tax. And hold currant the rates for everyone else.
That may delay the cliff and bring the battle to February when the National Debt must be negotiated.

Of course, any delay or even a question about payment of debt will negatively effect the US credit rating.

This is the most obvious flaw in Treasuries.
Derivatives would cascade in risk.
Systemic failure.