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"...what have we got—a Republic or a Monarchy?” “A Republic, if you can keep it

Potential Credit Implications Of Not Raising The U.S. Debt Ceiling

From Standard & Poors  CreditMatters TV, an interview with Paul Coughlin, Executive Managing Director of Standard and Poor’s commenting on U.S. policy makers’ continuing debate about whether to raise the U.S. debt ceiling above its current level of $14.3 trillion:  ”Standard & Poor’s has observed that any failure to raise the debt ceiling would cause significant and long-lasting financial and economic disruptions.”

Additionally, if spending is not gotten under control, there will be hell to pay.... SEE THIS.

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