Lets Get Real:
As a political matter this blog expects the US Congress, the House and Senate to pass the political deal done by the President and the House Speaker, the liberal press have made sure that the general public and politicians have been scared enough that they will vote for the agreement. The Question is should they, is a US default that risky, the answer is NO, the money men know that the US is good for the debt, the question is for how long, by 2025 the national debt is expected to be around 35 trillion dollars, YES that is TRILLION, at some point the bank manager is going to say NO, then we will have a major great depression, I know critics of this argument argue that no one is their right mind will call the debt, that is a major mistake, what if Russia starts to hit NATO Countries as an attempt to cause division, over the Ukraine, or China seeing the West is diverted by the Ukraine, tries to invade the Taiwan. Those could sink the money markets, so let's not say something like that can never happen. The wiser members of Congress should vote NO on the debt ceiling plan, the US has to cut, a I mean big cuts in welfare. Every Empire formal or informal has its day, the same happened to the Roman Empire, British Empire, is the US next?
