The paper doesn't tell its readers how it made the determination that the country faces a budget crisis, but this did not prevent it from telling readers in both a headline and an
article's first sentence that there is a budget crisis. The NYT's assessment certainly differs sharply from the assessment of financial markets in this respect. They are willing to lend the U.S. government trillions of dollars at interest rates of less than 2.0 percent on 10-year bonds. If the financial markets shar...
Published on October 04, 2011 02:45