Do you believe that the Economy of the United States will go into default?
Seeing the increase tension over sea and the falling of the Euro, do you believe that the United States will go into default losing it triple A rating taking the country into 3rd world status?
No, I don't believe Congress will allow the nation to go into default. In spite of the partisanship and the brinksmanship surrounding this issue, the long-term consequences on reneging on our debts would be catastrophic, and even the most ardent Tea Partier is aware of that. Of course, it is reasonable to predict that a decision on this issue will go right down to the wire and the issue will be used as leverage for a variety of pet projects.
There is no reason for the US to default. It may if the minority gets it's way. I sincerely hope that they would not harm The United States just because they don't like the President.
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And what does it mean for us?
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