What would the markets do if the U.S. didn't raise the debt ceiling?

Any others? The Politards seems to think its no big deal for the world's most powerful nation to default.

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Any others?

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I agree with this bumpage.

Just to add, I see 3 separate choices or a combination of the 3:

1.) Raise debt ceiling. Easy
2.) Raise revenue, i.e. taxes. Very hard. Also, not guaranteed to raise sufficient revenue and not necessarily a linear cause and effect relationship.
3.) Cut spending. Very hard.

As difficult as it is for me to say this I'm beginning to come to the conclusion that a combination of all three is needed. I have the most difficultly with raising taxes. I don't know if raising taxes increases revenue due to the potential detrimental affects it might have on the economy.

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As difficult as it is for me to say this I'm beginning to come to the conclusion that a combination of all three is needed. I have the most difficultly with raising taxes. I don't know if raising taxes increases revenue due to the potential detrimental affects it might have on the economy.

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So basically - if we can't solve decades+ worth of budget problems in a month, we should give up all hope and destroy the world economy.

I'm a realist, there's nothing in our political culture that indicates that the establishment is willing to face the music. The bond market isn't always right (esp. before the fact), so I don't know what's your point on that.

Go ahead and buy up all of the treasury bonds, the fed needs competition.

2015 is my shtf target date.

It happens every Spring.....