Monday, November 20, 2017
 
 
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Feds get a dose of kitchen-table economics
Like a family buried in bills, Washington nearly at wits' end in keeping creditors at bay
By The Associated Press

WASHINGTON (AP) ' The debt crisis has brought the government to the "kitchen table" to do something that hard-pressed families do routinely, which is tear their hair out over how to pay the bills.

Pawn the family jewelry? Emptying gold reserves at Fort Knox and other repositories could raise a very handy $400 billion.

Sell the property that has been in the family for generations? Yosemite National Park would fetch a pretty penny.



At least so far, such last-gasp ideas are not in serious play at Washington's kitchen table. But as the Aug. 2 deadline approaches for raising the country's borrowing limit, you can bet someone in the government is thinking about them.

Economists are.


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