How many would you be curious to see that scenario (albeit an extremely scary one)? Millions of Americans could lose their jobs if the US defaults on August 2, & the US will not be the same country as its been in its history. It will have an extremely large (detrimental) international impact as well, as there is a possibility of a global depression with the fall of the dollar.
But something has to give on August 2. Obama promised to cut out the wars, but he has only increased the international conflicts. He promised tax cuts for citizens earning less than $250k per year, & tax increases for those earning more than $250k per year. He hasn't done that.
The increased national debts in Obama's regime can be seen as follows:
It is safe to say that the Obama regime has failed miserably on most counts.
As long as US citizens gets easy credit, ranging from student loans to all other kinds, the US will not revive. It is high time America starts to revamp itself, & revive. Americans today have a sense of entitlement in them. Then there is domestic spending on stuff like social security, medicare, medicaid, unemployment, food stamps; as well as huge spending on the EPA, FDA, US Department of Education & all other kinds of things, with little reward (except serving the big corporations); something has to give. Many institutions in America would dissolve, people will have to pay higher taxes with less reward, but it is time Americans start living like 'every other citizen in the world', & not just be entitled to things.
I think the US should 'be allowed' to default, & then pick itself up again.
But something has to give on August 2. Obama promised to cut out the wars, but he has only increased the international conflicts. He promised tax cuts for citizens earning less than $250k per year, & tax increases for those earning more than $250k per year. He hasn't done that.
The increased national debts in Obama's regime can be seen as follows:
It is safe to say that the Obama regime has failed miserably on most counts.
As long as US citizens gets easy credit, ranging from student loans to all other kinds, the US will not revive. It is high time America starts to revamp itself, & revive. Americans today have a sense of entitlement in them. Then there is domestic spending on stuff like social security, medicare, medicaid, unemployment, food stamps; as well as huge spending on the EPA, FDA, US Department of Education & all other kinds of things, with little reward (except serving the big corporations); something has to give. Many institutions in America would dissolve, people will have to pay higher taxes with less reward, but it is time Americans start living like 'every other citizen in the world', & not just be entitled to things.
I think the US should 'be allowed' to default, & then pick itself up again.
