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There seems to be a scoff movement which is spreading the word that we'll be fine if August 2nd comes and goes without agreement. Are they right or wrong?
Per Bachmann:
http://caucuses.desmoinesregister.com/2011/07/09/bachmann-on-debt-ceiling-its-time-for-tough-love/
Per Bachmann:
“And don’t let them scare you by telling you that the country’s going to fall apart and that we’re going to default on our debt. The fact is we aren’t, because revenue continues to come into Washington, D.C.,” the Minnesota congresswoman said. “It’s a very small percentage that we have to end up paying on that interest so that we don’t fall into default.”
http://caucuses.desmoinesregister.com/2011/07/09/bachmann-on-debt-ceiling-its-time-for-tough-love/
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