Will we go Into default tuesday?

-Or will everything be fine and have no worries I shall tell you I get social security disability Insurance (SSDI) medicare, medicaid and food stamps and I'm seriously concerned that my check and benefits will be coming because democrats and republicans refuse to work together and compromise which Is bad my whole point will a deal be done by august 2nd or will I have to find other ways to survive remember this I need this to live we all do because everything will go crazy If something ain't done soon weigh in on your thoughts please.Remember those are items that are not supposed to be budget items. Failure to pay those items would be a violation of federal law. Every President since Johnson has been raiding the Social Security fund in an effort to make their budgets look better. Obama now is trying to blame Republicans for the deficit. Also remember that it is the executive department that determines the priority in paying the bills.No, we won't default, and no, everything won't be fine. What is going to happen is that the same federal employees that had their retirement savings raided are now going to not be paid at all. After cutting 40% of our budget out, and paying SS, Medicaire, and the interest on America's debts, in theory there will be enough money left (barely) to pay out all the important people, but in practice not paying federal employees will put more pressure on Congress to raise the debt ceiling. It's too good a political move for the Treasury and the President not to play it.
No. This whole thing is just another created "panic attack" developed by liberal Democrats to scare the American People, and then hopefully have something (that even though they created the mess) they can blame on Republicans.



Throughout United States history, the "Debt Ceiling" has never not been raised when this country got near its borrowing limit. I don't see anything different this time around.



But sometime down the road, those who we elect to run this country will have to say "No" to raising it, and we are going to have to start being more fiscally responsible than we are now. This goes for both parties.



(Every President since LBJ has raised the debt ceiling, and every time, the opposition party in Congress has fought it. Bush wanted it raised, and one of the strongest opponents to raising it was Senator Barack Obama, saying it would put unnecessary burdens on future generations. Now, President Barack Obama wants to raise it.)
At this point I hope so!! The problem with that is a lot of people who put in their time (working) or were unable to do so due to something beyond their control (disabled) are going to get hurt!!

Those collecting a welfare check, food stamps (other than those above) are taking out of the mouths of those who deserve their checks!! A lot of money is being lost on ILLEGALS also!!
If the debt limit is not raised, we will not go into default.



What it essentially is, is that we as a country are trying to OK further debt incurrance. In effect we are trying to get a higher credit line even though we barely have the money to pay for the bills we have now, does that make sense? Why bring on new debt when we are broke and have a hard time paying our bills now?



Your dems are to blame for there not being an agreement though, they have pledged to vote down ANY plans put forth by the repubs.
These are liberal scare tactics, why don't you ask Reid,and Pelosi why social security and military pay would be jeopardized but none of their pay or benefits would be affected.
We'll be fine. The real default will come when we can no longer pay for SS and Medicare while also operating the rest of the federal government.
I hope so but they will not let it happen. They will delay the inevitable for as long as they can even if it means making it worse when it finally does happen.
allow me to help,,,,,,,,,default,,,,,,,no debt increase without a balanced budget.....see crazy is a good thing as gets people thinking........dr.
I doubt we'll actually default, but maybe I'm naive. Someone has to cave in. This whole thing is just embarrassing.
YES



I hacked into Mconnells plan to trigger the default in 6 months
It probably will.
We went into default when OBAMA was elected
YES



I can Default on america in 6 months with my plan
No default, but still in financial mess.

No simple solution but down size the debt
No, but the market may drop a bit. Glad I bailed long ago.
I sure hope not.