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Dave Yell's avatar

Here is some of what will happen if the US defaults on its debts: interest rates go up immediately,the stock market drops (perhaps 1000 points a day),seniors don't receive their social security checks, public sector workers don't get paid, unemployment skyrockets,401 k and other retirement accounts suffer enormous losses.These are only a few of the results that will happen.Sadly I feel the default on our debts will be breeched for a short time.For it will take an amount time of these terrible results to move the GOP house realize what it has done and act accordingly.(sorry to have the JVL pessimism) DY

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