Will America go broke on 2 August 2011?

An economist thinks about what will happen when the American government can no longer borrow money after 2 August 2011. Will Congress allow President Obama to exceed the $14.3 trillion debt ceiling? Will Obama have to make deep cuts to spending? Is anyone too big to melt down? No one appears to know the answers. 


© Copyright 2011, Tom Thorne, All rights reserved.