World News Korner

With the debt ceiling fight looming this is how the argument over default is shaping up.

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You know if the Republicans will not listen to the Democrats or White House concerning the importance of raising the debt limit, perhaps they will listen to one of their own:

This brinkmanship threatens the holders of government bonds and those who rely on Social Security and veterans benefits. Interest rates would skyrocket, instability would occur in financial markets, and the Federal deficit would soar. The United States has a special responsibility to itself and the world to meet its obligations. It means we have a well-earned reputation for reliability and credibility—two things that set us apart from much of the world.

Oh by the way that was some fellow named "Reagan." Ronald Reagan I believe.

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