by not raising the debt ceiling before august, we WILL default on our loans....there is no way out of it, from what i have read, the gvt used up all of their accounting tricks, and ran out of all of their 'stealing from peter to pay paul'' tricks.
if we default, then ALL WILL BE MISERABLE FOR ALL Americans....interest rates on our debt will go higher, borrowing money for our government and for every individual and for every business will be higher....it would be like the biggest tax hike in our history when all is said and done.....
i really do not want this to befall upon Americans, and it WILL, if we do not pay for what we have spent....and justly so....everyone SHOULD PAY THEIR BILLS.