Politics and Religion
The President craps his pants at the prospect of U.S. defaulting...
Were you expecting me to say something new. 
...if the debt ceiling isn't raised...
"The full consequences of a default or even the serious prospect of default by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and on the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the cost, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns."
-- Modified on 9/30/2013 2:34:51 AM
Were you expecting me to say something new.
Obama for a government shutdown, if they will not even allow a clean up or down vote on the Senates bill.
knows that they have investments in property, stocks and bonds. It isn't even a consideration for our rich elite politicians of either party to default. I could see the federal government cutting local and state funding causing localized defaulting on bonds and retirement accounts, but the fed actually doing it nation wide no way.
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