Either away the US, and by extension the rest of the world, are screwed.
Do you think US will solve the debt ceiling crisis by August 2?
Make nasty comments about the Chinese or any other group that has held US dollars. When they drift to swiff Francs or something, we will cry.
I believe this is all posturing.
I believe that the use of the word 'crisis', is the fuel to keep Americans tuned in to CNN. I tend to believe that all the politicians are using this for their own agenda and it isn't about the debt or the deficit or balance at all. It's about scoring points.
Let's face it - if any one of them were really concerned, they would have been talking years ago when spending was going nuts..they weren't.
Crisis? Might happen if you just suspend all the food stamps and social security for 6 months until you starve people out, the debt ceiling a crisis? I think it speaks more of mismanagement, weak leadership and ego than anything else. sammies