In the News: “Newly elected head of the International Monetary Fund Christine Lagarde says that she ‘can’t imagine for a second’ that the United States would default on its debt obligations, saying it would be ‘a real shock’ to the global economy if no agreement is reached.” (abcnews.go.com)
“The Obama administration says if the debt ceiling is not raised by Aug. 2, the nation would default on its obligations, with potentially calamitous financial consequences worldwide.” (forbes.com)
“‘There is no alternative to enactment of an increase in the debt limit,’ [Treasury Secretary Timothy F. Geithner ] wrote.” (Washingtonpost.com)
My Comment: What is next? “Be whatever it may be!” The main thing is to postpone the day of reckoning! Everyone in the world wants to keep on playing this game because they do not see and will not see any alternative until sufferings will force them to listen to the recommendations of Kabbalah on how to transition to a society of reasonable consumption and distribution.