Reply To: What is going on with the U.S?

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Ray Butler # Posted on December 15, 2011 at 8:27 am

I’m a bit worried about the national debt ceiling. No one is bringing that debt down so the new ceiling will be reached again, soon enough. They will probably just raise it again, and again, but for how long?
If you think about Greece nearly defaulting, they were bailed out by the rest of the Euro countries, but the world was shitting itself just from that possibility and Greece is a smaller economy. What the hell would happen if the economic super-power U.S had to default. What would that do to the world?
Well no one knows what would have happened if Greece folded, let alone the U.S. But it’s a scary thought.