If President Obama and the U.S. Congress don’t
|Interest rates will go up so it will make it tougher to get loans for housing, etc.
|I view Obama as a strong and determined president, and on the upside I think it will go through.
|It wouldn’t affect me personally, but it would impact my parents because their Social Security check could be cut.
|It would be financially disastrous for people who depend on government funding, e.g. military, housing subsidies, Social Security, etc. This would also cause a catastrophic ripple effect on the families of those dependant on government funding.
|The U.S. debt has always been a benchmark for liquidity. No one really knows for certain the implications of the default — if there is a default.
||Francis Thomas Jr.
|It will have a trickle-down effect. You’ll have to pay more because of the default on the loan, e.g. entitlements, after-school programs, etc.
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