If you happen to own stocks, that might be bad for your net worth.
Government gets money to pay its bills from two sources: tax revenues that account for 60 of the total and borrowing, that covers the other 40, according to the.If you are among the losers of an unraised debt ceiling, the least you could do is call your Congressional representatives and let them know whether you approve of allowing the debt-ceiling to be raised on August.1.4 billion, food stamp recipients.Company Credits, production Co: Registeredfilms See more » Show more on IMDbPro » Technical Specs Color: Color Aspect Ratio:.85 : 1 See full technical specs » Edit Did You Know?The 40 of tax revenues that are likely to keep coming in if the debt-ceiling is not raised will go to paying holders.S.Release Date: 26 February 2010 (USA see more filming Locations: Los Angeles, California, USA, see more ».100 million, other losers include: John Boehner (R-Ohio).1.4 billion, federal workers.His inability to close a deal would weaken his hold on power and could lead him to quit as the House Majority Leader - especially if all the people mentioned above decide to blame him for the failure to reach new york slot machine laws a deal.As the, washington Post reports, Norquist is sitting on his throne surrounded by Republican signatures on his no new taxes pledge.For example, China, that holds.2 trillion worth, will get paid but the losers (described below) will not.Will just have to stop paying the people who now get that.Count me among those who did not elect Norquist King of America.
If the debt ceiling is not raised because no deal is struck on reducing the deficit to avoid tax increases, the perception of his power in Washington will be strengthened.
Interest rates that would be plunged into the economic heart of the.S.'s fragile recovery.