Brief comment on the Debt Ceiling

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So for anyone who is not sure what to make of the national debate surrounding Raising the Debt Ceiling, consider this analogy:

Parents give their child a credit card.  The child asks how much they can spend.  The parents and child debate what the allowance should be, how much the child should pay, how much the parents should pay, etc.  Nowhere does anybody even consider not paying the credit card company.

The United States government is two weeks away from defaulting on its credit.  A default would stymie the economy in the US and the world and shake up confidence in financial markets for a long time.

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