.
July 18th, 2011
04:25 PM ET

What's your greatest fear if the U.S. fails to raise debt ceiling?

ALT TEXT

Blank U.S. Treasury checks are run through a printer at the U.S. Treasury printing facility in Philadelphia. President Obama recently stated he can't guarantee retirees will receive their Social Security checks in August if the House and Senate can not reach an agreement on reducing the deficit. (PHOTO CREDIT: GETTY IMAGES)

FROM CNN's Jack Cafferty:

On August 3, the U.S. government is scheduled to pay $23 billion in Social Security benefits. But if a deal isn't reached in Congress to raise the debt ceiling, there's a chance those checks won't go out. That's because only $12 billion in revenue is expected to come in that day, which would leave the Treasury a cool $11 billion short, according to Politico.com.

Without an agreement, the federal government's line of credit will run out, and so will its options to write those checks. And when you include other payments scheduled that day, the federal government will be $20 billion short. Wonderful.

That's just one scenario, of course. Talking heads from Washington to Wall Street have weighed in with predictions on what could happen if a deal isn't reached - everything from a financial apocalypse to a nonevent. The administration has used words like "calamitous," "catastrophic" and "Armageddon." But a handful of vocal Republicans say the Obama administration is exaggerating the situation. They claim not a whole lot would happen if an agreement isn't reached by August 2.

But by and large, most economists say if the United States defaults on some of its loans, interest rates would shoot up, the dollar would plummet, stock markets around the world would tumble and our very fragile economy could suffer a mighty blow. Suffice it to say there doesn't appear to be a lot of upside to Uncle Sam defaulting on his obligations.

Interested to know which ones made it on air?

Paul:
Higher interest rates, higher debt, higher unemployment, lower tax revenue, lower consumer demand for pretty much everything. It’s a big chain of dominos where you're free to pick the one that scares you the most, but at the core of it for me would be the run on job losses again from the new recession that will be born.

B.J. in Quincy, Illinois:
Severe poverty breeds crime, disease, suffering and insurgency. We know this. Hey 'big business' if we don’t get paid you don’t get paid. Capish? I'm disabled. My Social Security check is the only thing I live on. If I don't get my check, I'll have nothing to live on. I imagine this applies to thousands of people.

Carol in Northampton, Massachusetts:
As a former international banker, I'm not scared at all. It's a global economy. We all need each other. Rating agencies have become meaningless. Life will go on. What scares me is how dug in the Tea Party is in trying to eliminate government. But, don't take away their Medicare.

Jim in Denver:
Jack, losing my house, potentially my job and seeing years of hard work building my life flushed down the toilet by a bunch selfish idealogues who are not representing the majority of citizens in this nation. This nation has lost the principle of "We the People," something our elected officials need to be reminded of come election time.

Dave in Nashville, Tennessee:
No fear Jack, think back when you refused to raise the curfew for your daughters, they huffed and puffed for a while, but turned out just fine.

Paul in Florida:
My fear? Streets filled with formerly wealthy privileged people, Zombies, without a clue how to survive, lost in a poverty-stricken world! Suddenly, unwelcome members, of a class of Americans whose existence they previously refused to acknowledge.


Filed under: Congress • National debt
soundoff (296 Responses)
  1. David of Alexandria VA

    The only thing we have to fear is fear itself - and the massive fiscal disruptions attedndant to that. I fear that anyone would dare to consider it a victory, politically, ideologically, Republican, Democrat, Teaparty, President. We are spending more than we take in. Taking more in simply extends the dillusion Pretty soon we won't be able to afford a can to kick down the road - we will be on our way to staging our own Greek tragedy.

    July 18, 2011 at 1:49 pm |
  2. Jerry Driskell

    We might not be able to increase our grand children's tax burden any higher ???
    Jerry in GA

    July 18, 2011 at 1:49 pm |
  3. Frances Robinson, Albuquerque, NM

    My biggest fear is that they WILL raise the debt ceiling. The tax ceiling needs to stay put. The government needs to raise taxes - straight across the board. No more corporation welfare. No more protecting the rich. Every business/corporation and every individual pays 10% in federal income tax. Then they need to cut spending. Let's start with ending these two useless wars. Then we can cut foreign aid. Why is the government helping other countries when its own people are so much in need?

    July 18, 2011 at 1:50 pm |
  4. Mark

    Gee...might have to cancel the big fat military-industrial contracts for the next 2 even bigger aircraft carriers so we can defend against the Soviet Union's next onslaught!!!

    July 18, 2011 at 1:51 pm |
  5. Ed Hoffman

    I have no fears, but I think the democrat politicians may fear that we find out they are full of it and lying to everyone.

    July 18, 2011 at 1:51 pm |
  6. Tom in Desoto, TX

    Cutting off funding for wars. Oh the humanity, what would republicans say to all their merchants of death about them getting cut off?

    July 18, 2011 at 1:53 pm |
  7. bonnie from NJ

    I doubt it will happen, but I am worried about my mother's social security (her only income) and medicare. In the longer term I am worried about much more, but if she cannot pay her rent, guess who will be? I will say though I favor default over Obama caving to the Republicans with their idiotic tax stance.

    July 18, 2011 at 1:54 pm |
  8. Conor in Chicago

    The only logical conclusion to a US default is the Third World War. With the complete collapse of the world economy nations will be looking out for their own interests and will aim to recreate a global economy that will be more advantageous to them than the last one. The core aim of this endevor will be to block the US from running the world economy and their will be a major push to end the Dollar's reserve currency status. As all of that would destroy the US overnight it would eventually lead to a war.

    July 18, 2011 at 1:56 pm |
  9. JK (Minnesota)

    Seeing a repeat performance of what's happened has occurredin Minnesota with the state shutdown. The public employees laid off and probably struggling to pay their bills, mortgages, etc, no new licenses issued to businesses, on the federal level – no paychecks for the military or social security recipients could happen if things carried on for a period of time.

    The politicians (both federal and state) do not live in the "Main Street world" and do not appreciate the ramifications of their actions (in-actions, actually) – including signing that ridiculous Grover Norquist no new tax increases – ever pledge. Gov Pawlenty was a believer in this thing – and look at the mess my State has now because of it.

    July 18, 2011 at 1:58 pm |
  10. Russ in PA

    My biggest fear is that the clueless politicians WILL increase the debt ceiling. The idea that one can avoid downgrading by increasing the debt limit is nonsensical. Does one improve his FICO score by increasing the number of credit cards in his wallet? The idea that government-licensed agencies like Moody's has any credibility in this matter is also nonsensical: what do you think they're going to tell you?

    Just say NO to raising the debt ceiling. After all, raising the debt ceiling bails out those same banksters that made such questionable loans in the first place. Let them take their hair cuts!

    And, lastly, why isn't Obama, that hero of the middle class, proposing to end the wars if the debt ceiling isn't raised, rather than suggesting that he'll stop social security checks? Politicians and banksters: two peas in the same pod...

    Ron Paul in 2012...

    July 18, 2011 at 2:00 pm |
  11. Barbara Leavitt

    Well Jack, that of course would be not getting my Social Security check.
    Which is ALL I have to live on. I have a feeling there are Republicans on SS also and this won't set any better with them than it is me. I do not know what the Republicans are thinking! If they keep this "the American people want"............farce they're running with ~ it will be decades before they see the inside of the White House again.

    Henderson Nevada

    July 18, 2011 at 2:02 pm |
  12. Brad, Portland, OR

    If they don't raise the debt ceiling and they have to prioritize spending, I'm worried that paying the Chinese for their T-Bills will be more important than paying Grandma her Social Security.

    China can wait a few weeks to get paid. Grandma can't.

    July 18, 2011 at 2:02 pm |
  13. Gary H. Boyd

    What it will do to the stock market. Jack. As a retiree my money is in stocks and my opinion is that, if the debt ceiling is not raised and America's financial credibility comes into question, there will be a negative impact on all U. S. stocks. Obama can play with my mind but not with my money. He and that mob scene in congress need to get an agreement so I can go back to my hammock and nap without worry.

    Gary in Scottsdale, Arizona

    July 18, 2011 at 2:02 pm |
  14. Jayne

    I fear the country will sink into another Great Depression. The next time CNN interviews a Republican Congressman or Senator, please ask them why their pledge to Grover Norquist means more than their pledge to the United States of America.

    July 18, 2011 at 2:03 pm |
  15. Loren

    No fear whatsoever, fear only comes from the unknown and we know this deal is going to get done, just a question of who blinks first.

    July 18, 2011 at 2:06 pm |
  16. Michael Bindner, Alexandria, VA

    Total global financial collapse – which is likely what the radical libertarians in the GOP are really hoping for.

    July 18, 2011 at 2:08 pm |
  17. Richard Oak Harbor, Wa

    Who will pay Congress' wages so they can compromise the cost of budget cuts on the poor and middle class with the revenue derived from elimination of unnecessary tax deductions for those of superior financial means who haven't yet created jobs?

    July 18, 2011 at 2:09 pm |
  18. David Gerstenfeld

    No fear what so ever Jack. No matter how much congress rants & raves about their point of view, in the end THEY know the debt ceiling has to be raised so they can continue their diatribes againist each other leading up to the election.
    David, Las Vegas

    July 18, 2011 at 2:10 pm |
  19. Wilhelm von Nord Bach

    a re-run of 2008 in world financial markets, Jack

    July 18, 2011 at 2:12 pm |
  20. Lori - PA

    Jack,

    My greatest fear if the debt ceiling issue isn't resolved is that the price of food, gas, and utilities will go up. I’m also afraid the same thing will happen with the unemployment rate. It's already very hard to find a job, I've been trying for over three years, I can't even begin to imagine what will happen if the President and Republicans don't stop playing their game of "Chicken".

    Sometimes in life you have to do things you don't want to do, or that are unpopular with people. Sometimes you have to admit you are wrong and ask what you can to remedy a situation. I wish our elected officials would get that.

    July 18, 2011 at 2:14 pm |
  21. Burt in Az

    Since I'm retired and living on a fixed income my greatest fear is no Social Security check.

    July 18, 2011 at 2:15 pm |
  22. Tony from Southport

    My greatest fear is that the lame brains who thought Obama was going to take from the rich and give to the poor, and in fact give them everything for nothing..... will vote for Obama again in 2012. I'm still amazed that people still fall for that "Democrats are for the poor and Republicans are for the rich" crap. Democrats are good at keeping poor folk poor and that's a fact. The debt ceiling will be raised and everything will be good with the world if GOVERNMENT WILL GET OUT OF THE WAY and let the free enterprise system work...... it has always beat the heck out of what all other countries do.

    July 18, 2011 at 2:16 pm |
  23. Rick, Medina, OH

    Jack,

    One of the great ironies of the past 20 or so years is that while our capacity to 'communicate' has increased exponentially ... our ability to 'dialogue' effectively has diminished at a near equal pace. It is sad, really! So, my greatest fear is that failure to deal with the debt ceiling will both accelerate and extend this condition that is making us all poorer ... not just financially, but as people!

    Rick,
    Medina, OH

    July 18, 2011 at 2:16 pm |
  24. Terry in Virginia

    My greatest fear if the U.S. fails to raise the debt ceiling is that our elected representatives and fearless leaders won't be able to pay themselves, much less give themselves raises for their undying loyalty to their respective parties and for running our country into the ground. They should be so proud of themselves - NOT.

    July 18, 2011 at 2:17 pm |
  25. Jim, Denver CO

    Jack,
    Loosing my house, potentially my job and seeing years of hard work building my life flushed down the toilet by a bunch selfish idealogues who are not representing the 'majority' of citizens in this nation. This nation has lost the principal of "We the People", something our elected officials need to be reminded of come election time.
    I say this as a 'moderate' and independent voter in this country, you know the average Middle Class person.

    July 18, 2011 at 2:22 pm |
  26. Nurse Lisa in Shelton CT

    Biggest fears inclulde: that this will further weaken our economy and benefit China; and RepubliSPIN will blame Obama for their own failure to act or compromise.

    July 18, 2011 at 2:27 pm |
  27. Tom Bulger, Canandaigua

    It would throw the country back into recession if not depression. On GPS Fareed Zakaria interviewed Mr. El-Erian, chief executive of the world's largest bond trader. Fareed was told that even this talk of not raising the debt ceiling is hurting the US economy.

    It is estimated that if Congress does not raise our debt ceiling, our debt will immediately jump by 10%. During the 2010 elections Republicans promised to focus on jobs not to increase national debt.

    July 18, 2011 at 2:28 pm |
  28. dave in nashville

    No fear Jack, think back when you refused to raise the curfew for your daughters, they huffed and puffed for a while, but turned out just fine.

    July 18, 2011 at 2:30 pm |
  29. B. J., Quincy, Il

    I'm disabled, my social security check is the only thing I live on. If I don't get my check, I'll have nothing to live on. I imagine this applies to thousands of people.

    July 18, 2011 at 2:33 pm |
  30. Rich McKinney, Texas

    Well Jack my greatest fear is that i will no longer be buying up U.S government securities if they balance the budget and do not raise the debt ceiling. I have been making a killing so far with all this wasteful government spending. Another few wars and i will be able to retire early.

    July 18, 2011 at 2:34 pm |
  31. Kelli Simpson

    Severe poverty breeds crime, disease, suffering and insurgency.. We know this. Hey 'big business' if we dont get paid you dont get paid.. Kapish?

    July 18, 2011 at 2:34 pm |
  32. Joe R - Houston

    My greatest fear is that they WILL raise the debt ceiling. With some hardships, we can survive it they don't but if they do raise the debt ceiling, a collapse of the dollar is guaranteed.

    July 18, 2011 at 2:37 pm |
  33. Kevin S.

    Zombies...My greatest fear is still Zombies

    July 18, 2011 at 2:40 pm |
  34. Bizz, Quarryville Pennsylvania

    My greatest fear is I will not be able to live. I like many others depend on Social Security and Medicare. I also fear the repercussions of going into default, interest rates rising the country going from a recession into a depression and life as we know it will stop. Our dollar value would be nothing. If there ever was a good recipe for people to riot this would be it.

    July 18, 2011 at 2:40 pm |
  35. barbara in nc

    Interest rates going up for ALL of us (bet the wealthy can find a way around those too).

    July 18, 2011 at 2:41 pm |
  36. Ed from California

    A Stock Market crash, taking out the remainder of our 401(k)'s! But, not to worry, our "Royalty" will bail out the banks and Wall st, w/our taxpayer "donated" money! It's all good. Boehner, where are the jobs????

    July 18, 2011 at 2:42 pm |
  37. David in Tampa

    My greatest fear Jack is that in the 2012 election we will again have a choice between a Democratic and a Republican candidate. We will do this crap with the budget all over again. No policies will be developed concerning serious issues like energy, the environment, correcting, not doing away with, health care reform, revising the tax codes, and the economy will continue to teeter towards recession. What we will get is an endless stream of partisan bull, gridlock and reinstatement of stupid right wing social engineering limiting personal choices and freedoms. Ditto for the left wing. Regardless of which party wins, the election results will be viewed as a mandate to reinstate stupidity at the highest levels of government. Bottom line what I really fear are the extremists in both parties.

    July 18, 2011 at 2:43 pm |
  38. Matt Toohey

    That the my 401 K crashes, interest rates rise to double digits, and China takes over our country. Other than that I am fine

    Matt
    Rockford

    July 18, 2011 at 2:45 pm |
  39. chris

    congress and the president still get paid their enourmous salary and benefits while everything get's shut down or not paid out

    July 18, 2011 at 2:45 pm |
  40. Nate NC

    Our true colors will show. Forget the Red, White and Blue. When everyone is rich, everyone is happy. Look at the Roaring '20s. But when everyone is broke, fingers are pointed and tolerances are eliminated. We see this everyday at work, school, or any organization. When the going gets rough, our primal, barbaric tendencies are revealed.

    July 18, 2011 at 2:46 pm |
  41. Walt in Omaha

    That my 401K will become worthless, Based on the Stupidity of the Tea Party presidential candidates who continue to deny what is universally known by anyone who has a very very modest amount of common sense. If you don't pay your bills no one will want to lend you money, and if they do you pay more for its use.

    July 18, 2011 at 2:47 pm |
  42. Steve, Clifton, VA

    My greatest fear is that the rest of the civilized world will start to develop some limited degree of disdain for the U. S as a world leader. My next greatest fear is that the harm and damage done will adversely impact the financial futures of our children, grand children and great grand children in in the name of political posturing by a party insistent on behaving like a child.

    July 18, 2011 at 2:52 pm |
  43. Peg in NY

    The total and complete economic collapse of the USA.

    July 18, 2011 at 2:53 pm |
  44. Larry from Georgetown, Tx

    That WE will become even more divided than we are today.

    July 18, 2011 at 2:57 pm |
  45. Alex in Bremerton, WA

    I have been unemployed since the Bush recession. Even though my wife still has a job, our credit card balances are going up. Interest rates are already insane but any increase could push us into bankruptcy!

    Alex the unemployed Veteran

    July 18, 2011 at 3:00 pm |
  46. Paul Bump

    My Fear?...Streets filled with formerly wealthy privileged people, Zombies, without a clue how to survive! Lost in a Poverty stricken World! Suddenly, Unwelcome Members, of a Class of Americans Who's existence They previously Refused to acknowledge! Sink or Swim, Just Not in MY Water, Greedy Heathens!
    Paul Bump, FL

    July 18, 2011 at 3:01 pm |
  47. Greg in Arkansas

    My biggest fear is a Great Depression style of bank failures where the FDIC runs out of money while banks are still failing due to public panic....and.....KNOWING that this disaster could have been avoided if politicians actually DID their job instead of political grandstanding on the problem to improve their prospect of re-election.

    July 18, 2011 at 3:01 pm |
  48. bob z fr ,pa.

    i am tired of this pres. treats he is the problem get rid of him and may be they could get some thing done

    July 18, 2011 at 3:02 pm |
  49. John from Alabama

    Jack: The greatest fear is that the United States will lose its good faith and credit rating. No credit means only paying with cash on hand. It would slow down the slow recession recovery. Interest rates would go up and business would stop or slow to a crawl. We need money from those who can most afford to pay it, so we can pay our way out of debt. If we did away with all taxcuts since 2000, and applied the additional funds to the debt we would be out of debt in 5 years.

    July 18, 2011 at 3:02 pm |
  50. Larry from Georgetown, Tx

    That the GOP will get its way and drive our economy further into debt just like Bush and Reagan did with their big tax cuts. End all wars and bring all of our military home then cut the defense spending in half Mr. President.

    July 18, 2011 at 3:03 pm |
  51. Thomas Koshy

    United States will ofiicially get the membership in the third world countries and we thank our idiots in congress (both parties) for this great job

    July 18, 2011 at 3:04 pm |
  52. calaurore9

    As a former international banker, I'm not scared at all. It's a global economy. We all need each other. Rating agencies have become meaningless. Life will go on. What scares me is how dug in the tea party is in trying to eliminate government. But, don't take away their Medicare.

    Carol in Northampton, Ma

    July 18, 2011 at 3:06 pm |
  53. Jim in Gardendale, Alabama

    Jack, my major concern is the "hit" our country is going to take on the world stage because such an action would do major harm to our reputation and show the world that we are incapable of governing as well as fiscally irresponsible. Other results are going to be loss of jobs, rising interest rates, downgrade in our nation's credit, and an interruption of military personnel checks and Social Security Checks. It's downright disgusting and just shows how determined the Republicans are to crash this economy for political gain and make this President a total failure to regain power. He's already made concessions but they've made absolutely NONE. They act like spoiled children.

    July 18, 2011 at 3:07 pm |
  54. Martyn

    With out a doubt it will mean the total collapse of what is already a very fragile economy, I cannot believe the what the President has done to keep the far right happy.
    Frankly I believe this will do the Republican party far more harm than their tiny minds can currently calculate, come the election The President will say clearly that he did not want to cut medicaid and other benefits to those that needed it.
    He will say it how it is, the Republicans forced his hand because they did not want tax increases for the super rich and would not make cuts in areas such as defense.
    Sorry but the republicans have a hidden agenda, lets face it they are not really in favor of real democracy, they just want the power in the hands on a contiuous basis.

    Martyn, Fort Lauderdale.

    July 18, 2011 at 3:09 pm |
  55. CRAIG R. MCNEES

    tampa, fl that i will run out of bullets when they come to repo my house for non-payment of taxes. the up side is that at least these 4 wars will end and nasty pelosi will be grounded. i do have a solution, why doesn't the govt just send out iou's for social security, and we spend them like real money? oh, our money already a worthless iou any way, never mind.

    July 18, 2011 at 3:13 pm |
  56. Bobby E.Lahmon Jackson MS

    None whatsoever political theater just fire them all because you don't have to be a rocket scientist to figure out that for 99% of those guys that their single and foremost important goal is winning the next election personally I'm more afraid of Washington itself than the debt ceiling

    July 18, 2011 at 3:13 pm |
  57. Michael "C" Lorton, Virginia

    Jack: A "FOR SALE" sign will be inserted into the American flag and we will be pressing one for English and Two for the highest bidder!

    July 18, 2011 at 3:14 pm |
  58. sean 1

    My greatest fear is what is going to happen to my parents. Both of them are on Social Security and they need that money. I can help out but in this tight market money is scarce even for me. It would really be nice if this all affected Congress the way it affects us. Then there would be no squabbling.

    July 18, 2011 at 3:18 pm |
  59. Rick McDaniel

    As a retiree......zero income.

    I fully expect Obama to fail to pay SS, if he doesn't get his way, period.

    July 18, 2011 at 3:22 pm |
  60. Sylvia from San Diego, CA

    Nothing.... This is all hype by the democrats to put pression on the republicans to cave in.... I say, "stay strong" and insist on spending cuts. The deficit is the bigger problem that needs to be addressed....

    July 18, 2011 at 3:23 pm |
  61. Paul P.

    Higher interest rates, higher debt, higher unemployment, lower tax revenue, lower consumer demand for pretty much everything, its a big chain of dominos where you're free to pick the one that scares you the most, but at the core of it for me would be the run on job losses ...again...from the new recession that will be born. You cannot hope to grow an economy with so many more people that would be out of work.

    July 18, 2011 at 3:25 pm |
  62. Randy

    When I look at how the president, congress, and the supreme court are all controlled by the same wall street neocon oligarchs, I realize that my greatest fear has already come to pass. All this "debt ceiling" "austerity" talk is just code for allowing the American people to be ripped off by the same class of people who ruined the economy in the first place.

    July 18, 2011 at 3:28 pm |
  63. Mike Hagans from Mt. Juliet, TN

    My greatest fear is the DC clowns will keep getting paid while Social Security, Medicare, Medicaid and other entitlement checks will stop, causing people to riot, like in the UK and Greece. If this happens, then Gold at $1,600 an oz. will look dirt cheap.

    July 18, 2011 at 3:28 pm |
  64. Donald Desaulniers (Belleville, Ontario)

    My greatest fear is that Congress and the President will join together and appoint a new commission to study the problem, with all the empty rhetoric that precedes such a hollow accomplishment.

    July 18, 2011 at 3:34 pm |
  65. Scott in Bellingham

    My fear is that the President and Congress will pay off cronies first, Social Security check recipients last.

    July 18, 2011 at 3:39 pm |
  66. Bob from Melbourne

    My greatest fear is that the President who is unrightfully winning the PR war will just blame the Republicans for his and the Democrats over spending. What’s even more fearful is the American public will buy it. We Americans have a very short attention span when most can’t recall just last year when the Democrats had the Presidency and control of the House and Senate yet they couldn’t even pass a budget.

    July 18, 2011 at 3:40 pm |
  67. Jane in CA

    The economy will be worse than 2008. Layoffs, this time without any unemployment insurance to cushion the blow. Worst case scenario is the Republicans winning in 2012. Then the depression will become permanent, as austerity destroys another formerly prosperous nation. 150 to 200 million deaths among the poorest, sickest, oldest and brownest in this country as the Social Security trust is given to the richest billionaires as tax cuts and medical care becomes available for only the really rich among us. We already have a decreasing lifespan in most of this country. Look to see 70 as unattainable by the majority by 2050.

    July 18, 2011 at 3:43 pm |
  68. Mike in Denver

    My greatest fear is that the politicians just do not understand the impacts of their actions either way.

    July 18, 2011 at 3:45 pm |
  69. METALWORKER

    I am not so uch afraid of it not being raised as I am afraid of the cost to the nation. The nation is being held hostage by a very few people.

    They wish to adopt a fuedal system with distinct classes. Two to be exact, the very rich and the pessant class with little or no freedoms.
    METALWORKER

    July 18, 2011 at 3:55 pm |
  70. Jim wacker

    My greatest fear is that we will spend it on wars, survielance, and prisons.

    July 18, 2011 at 3:56 pm |
  71. Alton Bledsoe, Dallas TX

    China forecloses on the US, then having to pick which dialect of Chinese to learn....

    Al in Dallas, TX

    July 18, 2011 at 3:56 pm |
  72. Andrew

    Jack, my greatest fear is that our social programs will be transferred to the private industry, thereby reducing the aid available to those who have lost their jobs to the bad decisions of the private sector. The problem is not the workers, but the elite, both in the government and in business.

    -Andrew from Kansas City, MO

    July 18, 2011 at 4:00 pm |
  73. Mickey D

    My greatest fear is that 1) The Crazy Congress will send us into a recession via default for the sole purpose of getting a Republican elected in 2012, 2) we will default and go into The Second Great Resession, and then 3) stupid Americans will forget how we got there and vote for the people that screwed them. Again.

    July 18, 2011 at 4:00 pm |
  74. Cy Gardner

    My biggest fear often centers around the stupidity of so many Americans. The GOP wants to engineer an economic collapse, they want Americans to lose jobs because they are convinced they can use tens of millions of dollars of corporate donations to buy ads that blame their irresponsibility on the President. My fear is the economy will be trashed and the Republicans will be laughing all the way to the bank. And the next time they get in, every dollar in America will be drained out of Main St and onto Wall St. cy from Arlington, VA

    July 18, 2011 at 4:06 pm |
  75. Paul, New Port Richey, Fl

    My greatest fear is that Obama will be re-elected, debt ceiling or not.

    July 18, 2011 at 4:06 pm |
  76. cal

    It's not a fear it's a fact. the world will have to change it way to make money. All the top money makers are looking at that now. My opinion do not give those democrats or repbluican any more money make them live with in there means like the working people .

    July 18, 2011 at 4:10 pm |
  77. Jenna Roseville CA

    What's your greatest fear if the U.S. fails to raise the debt ceiling?

    Nothing, I joined Republican Eric Cantor and I "Shorted" the US using 50K I saved too! We should both do very well.

    Jenna
    Roseville CA

    July 18, 2011 at 4:12 pm |
  78. Martin Wielgus

    I'm already facing increasing costs due to my age, and if they do not raise the debt ceiling, I may have less money to pay these bills, because my retirement fund will surely lose value, yet again. There's also the chance that they won't be able to make social security payments, forcing me to rely on the small emergency fund that I have.

    July 18, 2011 at 4:18 pm |
  79. NC Jeff

    I'm not afraid at all. I own what I have and can't lose it. I will survive regarless of what happens. However, those with plenty stand to lose the most.

    I think the Dems should put in for the tax increases, stand firm and call the Repubs bluff. Their coporate masters and the rich stand to lose much more than the middle class. Lets play a game of chicken. I'll bet their eggs crack first.

    July 18, 2011 at 4:18 pm |
  80. Gary - Woodhaven, Michigan

    My fear has already been realized, and what ever happens now doesn't really matter.

    These alleged leaders have all contributed to a society of hopelessness.

    Where absolute ideology locks us in a box where nothing can get in and nothing can get out. Where creativity is extinguished and all that can happen is we deflect our own shame with blame and wage hate on one another.

    Hope is about being able to see new possibility, in that box of absolute ideology and lies there can never be any new possibilities. Can't we see that?

    July 18, 2011 at 4:24 pm |
  81. Mitoosense Fort Lauderdale, Florida

    Jack

    My fear of not lowering the debt hole is all those lobbyists and cronies will be forced to get a job.. Most of our GDP is surrounded in our governments 2big2fail Black Hole Economics

    July 18, 2011 at 4:24 pm |
  82. Joe

    Jack,
    Seriously, my greatest fear is walking the streets while the rich,wealthy, Republicans plot to win the next election. Election for whom to benefit? Sad state of the world Jack when one party cares more about increasing the wealth of the rich, than about the average citizen receiving a pension or health care.

    Maybe, at my old age, I will be able to find a job digging ditches around the moats for the rich and famous Republicans?

    Joe, Binghamton, NY

    July 18, 2011 at 4:25 pm |
  83. Kathie

    the GOP seems determined to throw our country off the cliff in favor of giving big breaks on homes/horses/jets/boats/taxes to the rich who line their pockets. I need my social security to survive. The military needs to be paid. Solution: no pay to any member of congress (esp the GOP) until resolution is obtained.

    July 18, 2011 at 4:26 pm |
  84. Gerry

    The devaluation of American currency is my biggest fear. Were in a Catch -22, I don't agree with raising the debt ceiling as it will just encourage this administration to get us further in debt. But not raising it has unpredictable consequences. I like Obama's threat on Social Security Checks. Social Security funds are there even though they are in the form of I.O.U.s. Obama lied, but what else is new? The Johnson administration transferred the Social Security funds to the General Fund during the Viet Nam war.

    Gerry
    Ash Fork, Az.

    July 18, 2011 at 4:29 pm |
  85. sheila

    My fear is that all the progress that's been made to help this economy will be lost or even made worse. What's with so many of these new Republicans who only want to cut-cut-cut and expect improvement? People need jobs that have a living wage so that they can spend and that income taxes will be collected. The Republican's got elected on their jobs-jobs-jobs mantra and as of yet not one jobs bill has been proposed!!

    July 18, 2011 at 4:30 pm |
  86. TERRENCE

    that the ones who destroyed our economy will still get paid

    July 18, 2011 at 4:31 pm |
  87. 2011eyes

    The greatest fear is that the cone-heads will not do their jobs and we will still be paying their salaries. No wonder they only concentrate on re-election time.

    July 18, 2011 at 4:33 pm |
  88. Pete in Georgia

    My greatest fear would be seeing the scared, weak kneed, "careful" Republicans give in to the deceitful socialist White House which will continue us down the Yellow Brick Road of illusion and government handouts from cradle to grave to a growing population of parasites.

    July 18, 2011 at 4:34 pm |
  89. m. oliver

    If USA fails to raise debt ceiling, we can thanks the Republican for making our countrty into a 3rd world country. When Bush stole the president election this started repulican to turn this country into a banna republic. With Cantor and with his puppet Boehner wanting to make President Obbama look bad to the country, and Mich Oconnell
    saying he anythink that will make Obbama look good he is aganist. This could be look at a littal revolt against Obbama, BUT IT ONLY HURST THE USA CITIZENS, that all.

    July 18, 2011 at 4:40 pm |
  90. Dick B

    My greatest fear is that the government collapses and people find they are better off.

    July 18, 2011 at 4:41 pm |
  91. John ...... Marlton, NJ

    My greatest fear is not the debt ceiling being raised, its the drunken spending binge of the Obamaholics and the disfunctional society they are promoting.

    July 18, 2011 at 4:43 pm |
  92. Thom Richer

    Betrayal, Jack. Betrayal by our government. We will have been sold out. We are in this predicament because of greed for money, profit and oil. There is one reason and one reason only that we are failing economically and that is our Imperialism based politics. Politics based on contrived wars with oil rich nations. We supported and continue to support, with money, arms and political promises, dictators for our own selfish corporate greed. We are in debt because of our warmongering Congress and past presidencies. It is not because of welfare, SS, medicare or other spending...it is because of these illegal WARS provoked to fill corporate coffers and nothing else. Stop the wars...stop the problem.

    Thom Richer
    Negaunee, MI

    July 18, 2011 at 4:46 pm |
  93. Karl in Flint

    My greatest fear, if we do default and things are going to hell, is that President Obama and Vice President Biden won’t resign and dump the whole mess in what would then be President Boehner’s lap and give him and his wonderful Republican/Tea Bagger party the opportunity to show us how skillfully they can really fix things. It would wake up a lot of Americans to reality. I think before that would happen, the top 1 or 2 per cent, who have the most at stake, would be able to scrape up a few trillion and cover the situation. It’s a game of chicken that the wealthy can least afford to lose, and they will blink before it happens if Obama doesn’t.

    July 18, 2011 at 4:46 pm |
  94. Paulette in Dallas,PA

    Total chaos down in DC. The people paid this money to Social Security over many years. Congress generously helped itself to "borrowing" from this Fund. Pay this Fund back ALL the monies that were borrowed over the years and give it to the people who are owed these checks. Bus loads of Senior Citizens will descend upon Washington and many Congressmen won't be returned to office. The Boomers are going to hold these politicans accountable.

    July 18, 2011 at 4:48 pm |
  95. Remo, from beautiful downtown Pflugerville Texas

    Right Jack, and on 12/24/12 the world is going to end!

    July 18, 2011 at 4:52 pm |
  96. Cliff Glass - Rego Park, New York

    Quite frankly, that the inmates have taken over the asylum.

    July 18, 2011 at 4:53 pm |
  97. Valerie in Raleigh

    The debt ceiling has been raised many times by all recent presidents. It is only since an African-American Democrat sits in the White House that the Republicans have threatened the country with financial disaster. If the R's get away with this, It will show them that prejudice, blackmail and intolerance works. What has happened to the once-proud Republican Party?

    July 18, 2011 at 4:56 pm |
  98. Donna from Wisconsin

    For the first time in our history, we will have gone from responsible AAA government to irresponsible deadbeats . All because extremists have taken over our Congress. On one hand, I would love to see those Republicans that ok'd the Bush spending spree but won't acknowledge the rich don't need that extra tax break compared to our elderly, disabled, vets and poor, to be seen for what they are. We have gone to the Devil in a Hand Cart and it terrifies me. On the other hand, I can't afford higher interest payments, my 401K loosing even more money and not getting my SS–that I paid into all these years. God help.

    July 18, 2011 at 4:57 pm |
  99. Peter, Tarrytown, N.Y.

    Mu biggest worry is my Congresswoman and my Senators wont get paid. Imagin the chaos that will follow if they have to give up their DC residences and are forced to move back to their state. Nothing would get done!

    July 18, 2011 at 4:59 pm |
  100. Dennis north carolina

    the great fear that my grand children will not have a good life.

    July 18, 2011 at 4:59 pm |
  101. David , Laguna Niguel CA

    Jack, raising the debt ceiling is the same as giving drugs to an addict, hoping it will help him break his addiction. My biggest fear is that is what Congress & the President are going to do. Raise it with out any real significant reductions in spending, which means they will have to print more money, interest rates will go up, and the world wide economy will suffer. In other words the same situation they are predicting if they don't raise the limit. It looks to me that the average American citizen's life style goes down either way.

    July 18, 2011 at 5:00 pm |
  102. Gigi Oregon

    I thought it was the republicans that was causing the "it's our way or the highway" I don't have a fear..and would like to call the republicans bluff. If they don't pay our social security on time many republicans will give them an answer come election. We have lost our humor and our patience, I'm afraid they will not believe that their base would get hungry/angry enough to call their bluff and pay them back approximately a year and half later.

    July 18, 2011 at 5:01 pm |
  103. marybeth, massachusetts

    Jack,

    My greatest fear is that if the debt ceiling isn't raised, we'll never climb out of this depression.

    I agree that we have to get our house in order–raise taxes and cut spending. But I also believe that to cut spending entirely now, when states and municipalities and ordinary people are hurting and are out of work, is foolish.

    The private sector isn't (and hasn't) created any jobs despite sitting on record profits. Greed is king and the wealthy will simply become greedier and greedier, getting more and more of the wealth and creating an ever-growing chasm between the haves and have-nots. Revolutions have started under similar circumstances..when so many people have lost jobs, houses, etc., they have nothing else to lose.

    Both parties need to grow up and do what is best for the country and for the average American, not what is best for their re-election campaigns and for the wealthiest 2% of the country. Help the other 98% us for a change!

    July 18, 2011 at 5:01 pm |
  104. Rex in Portland, Oregon

    What's next, of course, is for all of us over 55 to line up for the Soylent vats.

    July 18, 2011 at 5:03 pm |
  105. ken mcconnell

    jack, my greatest fear is that those so called law makers in DC will still get a pay check., while the military may not.

    We really need "term limits", to control that DC bunch.

    July 18, 2011 at 5:08 pm |
  106. Mark, Oklahoma City

    Jack, my greatest fear is that once we raise the debt ceiling "again", there will be no stopping the spending that this administration and future administrations will end up doing. Where does it all end? Congress and most Presidents have a "Star Trek" mentalitiy...".Astronomical Debt... where no debt has gone before."

    July 18, 2011 at 5:09 pm |
  107. Kevin in CA

    That the politicians will not have dispensed an adequate amount of fear mongering in advance.

    July 18, 2011 at 5:10 pm |
  108. Nancy, Tennessee

    My greatest fear is the stock market. I'm very near retirement and if the stock market falls and the Republicans do away with Medicare and Social Security I'm up a creek without a paddle, canoe, or floatation device of any kind. I'm ready for President Obama to envoke the amendment that bypasses Congress to get this thing settled down. I think the part of the American public who are aware of the consequences if nothing is done will applaud President Obama as a leader and he will not have anything to worry about in 2012. The Republicans are the ones using scare tactics – they keep saying he won't get elected if he does anything Presidential. He needs to tell all of Congress to take a hike.

    July 18, 2011 at 5:10 pm |
  109. Ralph Nelson

    I can just about guarantee the Second Great Depression. The Republicans want to destroy this country. than pick up the pieces cheap. Look how they are buying foreclosed homes for cash to rent back to the now poorer middle class who used to own them. We are just repeating the 1920's. Hale Ignorance!

    July 18, 2011 at 5:13 pm |
  110. Jeff In Minnesota

    The problem I have had all along with the discussion by the political pundits regarding not raising the debt ceiling is that most of them say that the US Government would default on its debt. That is patently NOT true. What would happen is that it would force a VERY serious discussion in Congress over what we can afford and what we cannot afford, because our debt payments would come first, followed by social security and then everything else because our borrowing costs would skyrocket on the existing debt. US citizens would also be forced to decide what to spend on and what to forgo. While all of this would likely cause the biggest financial meltdown the world has ever seen, it might be a good humbling experience for us all.

    July 18, 2011 at 5:15 pm |
  111. Ralph Nelson

    Second Great Depression.

    July 18, 2011 at 5:16 pm |
  112. JIM

    my greatest fear is that the Republicans and those Tea party nicumpoops(?) will look like "the tough guys"
    They want us to pay our bills, I agree-–
    -lets pay the $4 trillion bill for the unneeded Iraq War
    -lets pay the $2 trillion bill for the unnecessary tax cut
    -let pay for the nearly $1 trillion medicare drug bill that does not even let the gov't bid for the lowest price

    Who could have been so irresponsible to pass such legislation?
    Obviously, people with no common sense, business sense or integrity to realize that they have to pay things.

    Why can't the Republicans take any responsibility for these actions. I don't get it!~!!!!!!!!!!!!!!!!!!!!!!!

    July 18, 2011 at 5:23 pm |
  113. Kevin SD, Ca

    This is all fear mongering! The Federal Reserve needs to be audited and stripped of its power us not paying them back a dime! That will do nothing but improve our economy and level the playing field!

    July 18, 2011 at 5:25 pm |
  114. honest John in Vermont

    Greatest fear is that it will trigger an even worse economy than we presently have. The Republicians still practice Herber Hoover Economics and their current budget ideas will reap us a deep depression and more economic havoc. They are the very ones who ramped up all the spending with Iraq and Afghanistan and tax cuts for the rich which have put us into debt and now they want to screw the middle class again. They are a disgrace to Americans.

    July 18, 2011 at 5:25 pm |
  115. Dennis Hein

    We can cut spending without linking that to the August 2 debt ceiling.
    What I want to know is whether Congress has to get paid in August or whether the Secretary of the Treasury has the discretion to say members of Congress will be the last to get paid. Cut off Eric Cantor before stopping Social Security

    July 18, 2011 at 5:26 pm |
  116. Jason L

    Jack, I am concerned that should the U.S. default on its obligations on August 2nd the country and markets worldwide will double dip into another steep recession. Between credit being tight all around and the prospect of rising interest rates, I am also worried that our way of life will steadily become less comfortable. More families will struggle to make ends meet, and instead of me thinking that retirement will be hard to come by, I worry that retirement won't happen at all.

    Jason
    Chicago, IL

    July 18, 2011 at 5:29 pm |
  117. Scott Stodden

    My Greeatest Fear Is That My Mom And Dad Will Be Living On The Street Because They Live On Social Security! They Have Worked Hard All Their Lives And They Deserve To Get What They Paid Into! Another Fear Is That This Country Which I Love And Support To The Heart Will Fall Apart.

    Scott Stodden (Freeport, Illinois)

    July 18, 2011 at 5:30 pm |
  118. Bill in New Mexico

    I fear the streets!

    I fear double digit inflation well above 20%!

    I fear a worthless dollar!

    I fear America being a banana republic!

    I fear one percent owning all the wealth!

    I fear ninety nine percent will not have enough for the bare necessities!

    I am a coward!

    I fear the streets!

    July 18, 2011 at 5:31 pm |
  119. Jim McGay

    I will lose whats left of my 401k .
    I will lose my Social Security.
    I will lose my Medicare.
    I will lose my country.
    There's nothing more dangerous than people with nothing to lose.

    July 18, 2011 at 5:35 pm |
  120. Michael in Albuquerque, NM

    After spiders, snakes and getting caught? I fear that businesses will not qualify for loans, and close down, putting millions out of work. Way to create jobs Republicans!!

    July 18, 2011 at 5:36 pm |
  121. Felecia Robinson

    My greatest fear if the debt ceiling isn't raised is that there will be anarchy in the streets of the U.S. The rich can take a bit of a financial hit, but the poor can lose ALL that they have.....which is very little to begin with.

    July 18, 2011 at 5:36 pm |
  122. David Doney

    My greatest fear is that this debacle shows our government is non-functional, mainly due to ideologues on the right and a failure to lead on the left.

    July 18, 2011 at 5:36 pm |
  123. Greg Stanley

    The social security checks not being sent out, since basically my family will have to support my father. I love him and would gladly do so, even with the financial hardship, but he would be deeplu ashamed to have to accept help.

    July 18, 2011 at 5:37 pm |
  124. David from Herndon, VA

    My biggest fear is a devaluation of the currency - I've worked hard to save what I've saved. If the currency is devalued, then I, and people like me, are being punished for doing the right thing.

    July 18, 2011 at 5:37 pm |
  125. stephen hapke

    Republicans would fear Bachman looking like the senseless fool she is because let's face it a default would cause stock markets to tumble, the dollar to be devalued, interest rates to spike by 5-15% and good luck to anyone who isn't already rich surviving as they have during this recession–the default aftermath would be even worse.

    July 18, 2011 at 5:37 pm |
  126. Deborah Kilgore

    That the GOP survives.

    McKinney, Texas

    July 18, 2011 at 5:38 pm |
  127. Donald in New Mexico

    I am upset with President Obama for stooping to the level of threatening to not get my disability check out on time. Will Congress get paid? Their offices, pay, and perks should be the first things shut down. With so little work done this session, Congress should return the unearned salary they have shamelessly taken this session. Congressman DeMinted was smirking about the mess on a weekend tv talk show. What a shame. How dare the politicians honor pledges made to special interests, over the oath of office they took. When this politically created crisis is over, the Congress should work on a jobs bill. Instead, we will have high drama over the budget, with no plan for America's future, other than their reelection. They claim increasing taxes will stop the "job creators". Taxes are lower than any time since the 1950's, and they aren't creating those jobs. What did the rating agencies rate Maddof and Leamen Bro's? Now it,s up to them to rate the US economy? If they lower our credit rating, the Justice Department should do a through investigation on them. At least threaten them with an investigation.

    July 18, 2011 at 5:38 pm |
  128. Mary Steele

    'm not worried, a deal will be made. And usually it is at the expense of waste and common sense just like the $100B unemployment benefits extension. Instead of extending the benefits with mandatory employment verification for benefits and all jobs within 6 months to a year so it would not have to be done again, a deal was made for something else!!

    Yorktown VA

    July 18, 2011 at 5:39 pm |
  129. Len Smith

    Well, I hope that the bond that matures on August 15th will in fact mature, as I time them each year for my retirement income. I worst issue I have is that the so called Republicans don't care one bit about most Americans. Where did the GOP go? There use to be real Republicans in the congress, now it seems they are all children. Give me my lolipop and I am going home, much like Eric Cantor.

    July 18, 2011 at 5:40 pm |
  130. Patriotson

    My greatest fear is that congress will just continue to spend as it has done these past two and onehalf years and we, the American taxpayer will become "Serfs" in the eyes of the Fed's. A serf is one who is enslaved to provide for the services that are pleasing and demanded by the lord's of the kingdom. We will take home fewer dollars for our own sustainability and the government will have us eat cake for their pleasure.

    July 18, 2011 at 5:40 pm |
  131. Mark in Las Vegas

    OK Jack, This is why the Social Security Tax money should not be put into the general fund. It's time for Congress to quit taking the Social Security Money and using for their fake wars, foreign aid, studies on the sex life of insects, etc. Every Congressman is to blame and that includes the Tea Party Scum Bags.

    July 18, 2011 at 5:40 pm |
  132. BubbaShrimp

    If they don't mail out the Social Security checks, from a systems that people have paid into, I fear that the Senior Citizens will riot and using canes and wheelchairs, attack liquor stores and burn thier neigborhoods down, condo's rest homes. No where will be safe. If you haven't armed yourself against this group and prepared for the worse, bottled water, food, diapers, you may already be too late. Now, Eat your PEAS, Jack!

    July 18, 2011 at 5:40 pm |
  133. Joe E - L.A. Ca

    Too Big To Fail!

    If the government was a business (and many candidates love to run on a platform of having run a business), this government would be in bankruptcy, the managers all fired, and the "government" would have taken them over a long time ago. We turn the other check when they rob the social security fund, now they want to threaten us with it. We keep electing the same Bozo's (no offense Bozo) to run this country. Fire them all!!!!

    The whole process sickens me.

    July 18, 2011 at 5:40 pm |
  134. Phil, Los Angeles, CA

    Republicans don't seem to be aware of the fact that regardless of what the government is able to pay out on August 3, if the ceiling isn't raised then major financial watchdogs (S&P, Moody's) could downgrade our credit and subsequently raise rates, which would be terrible news for the economy. I am not in favor of a tax filled agreement, but if conservatives in office listen to polling data, closing loopholes for the wealthiest is a broadly popular proposal.

    July 18, 2011 at 5:41 pm |
  135. Ken Margo

    My biggest fear is 1) unemployment 2) US losing its position as the financial capital of the world. Think about this, Osama Bin Laden real goal was to destroy the U.S. economy, Now the Republicans want to do it for him. Shame.

    July 18, 2011 at 5:41 pm |
  136. Rick

    My greatest fear Jack will be that Business will once again set the course for this country. I blame most of the problems we face on all the lobby groups we have produced. From their own selfish ways to the trimming of jobs, cutting of pays and benefits to the greed of thier own pockets!
    There isn't one politician that is willing to do what is right for this counrty because they fear bachlash for making the right decisions and hurting their political bases!

    July 18, 2011 at 5:42 pm |
  137. Jim

    My biggest fear is that if it happens as most leading economists predict, not a single republican will be relected or elected in the next voting cycle leaving the Democratic Party unrestrained in their ability to create mischief. 50 years after the fact my father continuted to use "Hoover" and "starved us to death" in the same sentence. I will do the same with Republicans – and I am one..

    July 18, 2011 at 5:42 pm |
  138. Brook (Virginia)

    My biggest fear is that people will ignore that it was the Republicans and their "Tea Party" that chose this path. I fear that people will think that these uncompromising position are actually fruitful in politics.

    I cannot figure out why people are falling for their extremist rhetoric. They have taken an extremely irresponsible position in their refusal to compromise. Politics is only about compromise. The only people that get their way 100% of the time are dictators.

    My wife and I have finally gotten close to saving the 20% we will need for a down payment on a house. We were hoping to buy the new house in the fall. I already know we're screwed if the US defaults and interest rates go through the roof. There just was no way we could get the money sooner. I will not forget who screwed me. I'm not a political person, but if we default, I will get more politically active and work my tail off to defeat every one of those lunatics.

    July 18, 2011 at 5:42 pm |
  139. Ted, Chicago IL

    My greatest fear is hyperinflation and hopelessness descending on this country like a swarm of thermonuclear locusts. The US is already pretty fascist, but if we became even more ultra-nationalist it would surely result in global annihilation (or absolute victory for the USA, but with billions dead).

    July 18, 2011 at 5:42 pm |
  140. Dave

    It has taken Japan and China THIRTY years to accumulate 1.6 Trillion in US Treasuries. We need to borrow 1.5 Trillion this year and more for years to come just so we can prevent a depression. Where is 1.5 Trillion going to come from? ...and the year after? Are we lending it to ourselves?

    July 18, 2011 at 5:43 pm |
  141. Julie of Virginia

    My biggest fear is that Eric Cantor will gain more power. As someone who lives in his district, I understand what an empty shell the man is. There's really not much there except politician. He's interested in only one thing: whatever helps him climb politically. He's bad for Virginia and has the potential to be disastrous for America.

    July 18, 2011 at 5:44 pm |
  142. Marlene Linville

    The last people that should be affected for this is the people that are depending on the Social Security checks & the Medicare. Whats wrong with all these people that are RICH !!!!!!!! If they lived just 1 month as hard as all the ones that are living off Social Security & Medicare then they all would change there minds and find another way to come up with this money !!!!!!! How come America always has money to help other countries when we are having so much trouble here ??????? I think someone needs to remind the president that if his own country is in such bad shape then he needs to help his people here first !!!!! I'de say more but everyone already knows that the president of the United States seems to think he is the president of the WORLD !!!!!!!!!

    Marlene North Carolina

    July 18, 2011 at 5:44 pm |
  143. Jim

    Given the financial problems in Europe and elsewhere in the world I do not think anybody can predict with certainty how the US financial system will play out over the coming months... any scenario you can think of seems possible. Sure we can all hope for the best but the best may not be what we get.

    July 18, 2011 at 5:45 pm |
  144. Jim Bates

    We don't know if the effect is exaggeraged. It has never happened before. Warren Buffet is right. Defaulting is like Russian roulette. We don't know if there is a bullet in the chamber and we should not take a chance that there might be.

    July 18, 2011 at 5:45 pm |
  145. Dave, Orlando, FL

    Someone didn’t do the math. Like everyone else, I only get one SS check a month. What about the other $360 billion the government will rake in that month ($12 billion X 31 days less August 3rd). I suspect it will go to corporate welfare and the wealthy. So guess who'd do all the screaming. Seems you fell for the shell game these crooks in Congress play with our money.

    But to answer your question; we should be so lucky. My worst fear is that if the checks stop (only to us, that is) we don’t storm Congress with pitch forks and clubs. It’s a dumb question, they will raise debt, as they always have, and put us even deeper in debt. God help our grandchildren.

    July 18, 2011 at 5:45 pm |
  146. H. Lauritsen

    The GOP-Tea Party gang wil do anything, like wreck the country, in their campaign to destroy Obama. They hate his support of anyone not a millionare, or business mogul. They are taking the oportunity of budget crisis, caused by George Bushe's tax breaks for the rich, as an excuse to get rid of the middle/lower class safety net started and continued by Democrats in the thirties. As a person who saw my family survive the depression by govt help, went to college via the WWII GI Bill, home mortages by same etc . I support big govt because they gave me a better life. I also dispute "govt does not create jobs". Who built/maintains airports, roads, dams, ship channels, govt dollars sending us to the moon etc. My relatives, in Denmark, don't understand how we live w/out free health care, college etc they get with their 48% taxes which are close to ours if you compare correctley.

    July 18, 2011 at 5:46 pm |
  147. Marcus Bure

    Clerly, we need to limit spending and bring our financial house in order. However, risking our AAA rating to score a few short-term political points is simply irresponsible. We are at a cross-roads and unless we make smart decisions now we will be the next Greece in 5 years time. I urge Congress and the Obama administration to develop a pragmatic compromise that will increase the debt ceiling by a realistic amount while working aggressively toward reducing the deficit. Everything needs to be on the table during this discussions – tax increases, entitlements, defense spending.

    July 18, 2011 at 5:46 pm |
  148. Overby from Melbourne

    We've been told for decades that the SocSec is funded til around 2037 and has nothing to do with the federal budget....so, what's the truth? Have these stinking politicians been lying to us all these years, or are these stinking politicians now just using scare tactics? Just when you think there might be a real politician that actually cares, they all show themselves to be self-serving idiots over and over.....

    July 18, 2011 at 5:46 pm |
  149. Karen S. - San Francisco, CA

    Certainly we have a lot of debt but I'm wondering if this situation is being used to wipe out Social Security. That is one key issue that has been on the table for discussion for the past decade and is "too hot to handle" becuase of all the people who would be left with nothing. Not to mention all of us whose funds have been taken involuntarily to fund something we'll never get to partake in.

    I spoke with a coworker today and we agreed that we have lived in the best of times. We grew up postwar with all the renewed economy and jobs and hope and then the electronic and computer age. Now, we're sliding inexorably into the toilet and are thankful we're middle aged.

    July 18, 2011 at 5:46 pm |
  150. Mike

    Jack, My biggest fear is that even if there is a catastrophe there won't be any change to how business is done when the next crisis comes around. We have members of our Congress and Senate that put a pledge to a private citizen higher than their pledge to uphold the constitution, which is heartbreaking. We elect these people to get a job done, however, now more than ever we see their real motives are to advance only the ideals and welfare of their party, rather than advancing the ideals and welfare of the American people.

    July 18, 2011 at 5:47 pm |
  151. Ralph Spyer

    My greatest fear is that we will raise the debt ceiling. Out of every dollar the government spends we only take in 60 cents. Stop telling the American people " we have no choice the world will come to a end. Michele Bachmann is wrong about everything ,except this . Let President Obama cut 40% , the CIA, Section 8 , foregn aid , FBI , most of all 3 WARS

    July 18, 2011 at 5:47 pm |
  152. Brian (From Chicago)

    My biggest fear is if the default snowballs out of control and we lose credability across the globe. We can't borrow money from anyone, so the troops can't get paid, unemployment checks will stop, unemployment will go to 30%, social security collapses, the stock markets crash, China calls our loan, and we skyrocket right past recession and straight into the second great depression.

    "Beside that Mrs. Lincoln, how was the play?"

    Brian from Chicago

    July 18, 2011 at 5:47 pm |
  153. Burbank from CA

    I am afraid the Congressional food fight will go on and on without end. We need to scrap the party system altogether and let candidates run on individual platforms according to what they truly believe, not what their party tells them to say and do.

    July 18, 2011 at 5:47 pm |
  154. ron leikin

    Not reaching an agreement by both parties to not only raise the debt ceiling, but enter into an agreement to cut spending and raise some additional revenue while theres an opportunity to do so is the only sensible solution to the problems were facing today. If the republicans and the president cannot accomplish this, America needs a third party to act in the countrys best interests.

    July 18, 2011 at 5:48 pm |
  155. Jack Be Humble

    I fear a recession, or depression, that makes the one we just experienced seem a walk in the park.

    I fear senior citizens, just squeaking by, being deprived of their social security just long enough to be evicted from rent-controlled housing.

    I fear a further erosion of the U.S. industrial base, leading to overall unemployment of 20% or more.

    I fear the world discarding the dollar, and turning to the yuan or the euro as the basis by which all finances are measured... and all that details.

    So, I don't have a care in the world.😛

    July 18, 2011 at 5:49 pm |
  156. Peter Kramer

    We have had a series of disgraceful national tragedies brought on by our government leaders and now this! We entered a recession that most economists predicted would be mild and short. Thousands of hard working Americans were forced out of their homes. Those and thousands more have lost their incomes (jobs) for an unacceptably long time. Our leaders have redistributed resources and wealth by a shell game of bailouts. These have been tragic events for my fellow working Americans. Now Congress threatens America with Armageddon.
    Where are our statesmen?! We need solutions from both parties and not threats due to their failure to act responsibly and effectively.

    July 18, 2011 at 5:51 pm |
  157. anon

    I have a greater fear if they raise the debt ceiling!!! Washington has an insatiable appetite and they will tantrum for more like 2 year olds. They need to say no and buckle down like the rest of America and work with what they have and cut out all the non essentials.

    July 18, 2011 at 5:51 pm |
  158. Diane Tighe

    My greatest fear is that the Stock Market will 'SINK' as it did in 2008; and it would take YEARS to recover.

    July 18, 2011 at 5:53 pm |
  159. RVH in Georgia

    Not much including getting these useless idiots to stop the spending! They will raise it. Dems and Republicans alike, because they're all just alike. Apparently the way they spend our money is "too big to fail" so both sides will act real concerned and serious in front of the cameras – get nowhere in the long run – and then vote for it to save us from disaster at the 11th hour. Thank goodness we have our government! Ron Paul for President!!

    July 18, 2011 at 5:54 pm |
  160. Tim Orden

    If it turns out that on Aug 3rd, we default on some debts, then I'll feel like I'm a real American. I'll know that my country and I are truly one.

    July 18, 2011 at 5:56 pm |
  161. Ray

    The August check is for the month of July ,there always a month behind , so worry about September .

    July 18, 2011 at 5:57 pm |
  162. Mr. D

    That members of Congress will not get their paychecks. That ought to move them!

    July 18, 2011 at 5:57 pm |
  163. Mike

    My greatest fear is how it could adversely effect the already weakened dollar. That and having to listen to all the Tea-Partiers whine about how their personal gov't perk is no longer there after months of ranting "shut 'er down".

    July 18, 2011 at 5:57 pm |
  164. Renee Peoria,Ill

    What I understand about economics wouldn't fill a thimble. I'm afraid I may learn more about how the system really works (or doesn't work) the hard way.

    July 18, 2011 at 5:59 pm |
  165. john mockus

    my greatest fear Jack?

    three more months of these useless politicians grandstanding.

    Expressing their greatness at getting nothing done.

    did i mention which party?

    it doesn't matter

    they both stink

    July 18, 2011 at 6:00 pm |
  166. AndrewT

    We won't default on our debt obligations as their is plenty of cash flow to service the debt with probably enough left over to fund emergency service type functions such as airport security. There won't be an apocalypse in the financial markets however seniors are going to be hit hard. No Social Security and no Medicare payments. Might actually be useful in some ways to see where our true priorities lie and an interesting preview of what is to come without entitlement reform.

    July 18, 2011 at 6:00 pm |
  167. geoff hancock

    Jack, the greatest fear is that CSPAN will have nothing to air. No House, No Senate, No governmental meetings, zip. Wow. All those nattering nabobs of negativity will have to go home and catch-up on their "honey do" lists on the fridge. Or start running for President...

    Thanks, and a tip of the hat to Spiro Agnew.

    Geoff Hancock in hot Phoenix Arizona.

    July 18, 2011 at 6:02 pm |
  168. Michelle from Texas

    My greatest fear is obviously losing my Social Security check as I am one of those who stands tose my check on the 3rd of August

    July 18, 2011 at 6:03 pm |
  169. Phillydan

    Jack – The fear may be a bit over-blowned but none the less, there are serious consequences to not having the debt-ceiling raised.

    78 times since JFK the debt ceiling has been raised without nary any noise about the event. This time, the Republican Party with much help from the Tea Party and Mr. Grover Norquist (who if anything all Americans should be fearful of him) to use this need for a debt-ceiling hike to make a lot of noise. Is it coincidence, that it occurs on President Obama's watch?

    I do think the back up plan is gaining strength that would also would include the "Grand Plan" committee for addressing the greater need for spending reduction and needed tax revenues (sorry Grover) before the end of this year.

    Actually I expect a deal by the end of this week.

    July 18, 2011 at 6:03 pm |
  170. Cee, La

    I am not lying awake fearing anything... I dont think these politicians are that stupid.....it would be mayhem for them..and rightly so....the financial implications, on an already fragile economy would be disasterous.....and totally out of my control....

    July 18, 2011 at 6:04 pm |
  171. pat in michigan

    losing my 401k to wall street thieves again and what little treasury bonds I have being worthless.
    I dont know what the big deal is though just take back the money we gave wall street and the banks .Just take it .dont ask .just take it. sell their yachts,jets and condo's they bought with their bonus money paid by the taxpayer. we did it with Madoff . let's do it to the rest of them .

    July 18, 2011 at 6:05 pm |
  172. abby

    It's very sad when our politicians would rather play blame games and are not willing to work together to solve America's problems. When one of the top politicians of a political party (McConnell of the GOP) says that his party will not "deal" with Obama while he is in office, it says that he and his party have no qualms in destroying the middle class, seniors, the poor, and children just to destroy Obama's administration.
    This is not statesmanship - it's the behavior of a spoiled-rotten 2-year-old brat.

    July 18, 2011 at 6:05 pm |
  173. ken Florida

    Just to raise the debt ceiling seems to me, just puts more debt on our children. Their needs to be "Steep Cuts" Now, in our govt – not in 2013!
    Ken Florida.

    July 18, 2011 at 6:05 pm |
  174. Andrew

    Economist worried about a double-dip recessions and defaulting would just insure it. This just shows that the people in Washington care more about ideology than the people they serve.

    July 18, 2011 at 6:05 pm |
  175. Dave - Phx, Az

    I'm not sure that I trust the politicians on either side to tell me the truth about the debt ceiling and its reprecussions. I only fear losing my job while these children destroy our country.

    July 18, 2011 at 6:06 pm |
  176. Herbert Popolow

    Correct me if I,m wrong, but aren't most republicans against everything that's good for the people and good for the world. For example, repubs are for burning more coal and oil. They are for the end of SS, Medicare, and regulations for our protection. They are also anti -science, anti government investment in industry, and anti-minority.

    July 18, 2011 at 6:07 pm |
  177. Barton Foley

    When you are up to your ears in debt it is idiotic to risk a jump in interest rates. We are paying bills with credit because it is currently the only way to maintain our credit rating. Destroying our credit rating by cutting up our credit card is not only idiotic but would be the crime of the century against the world economy. Once again, congress displays a shocking lack of competence. All the world is watching and they are making fools of themselves and of the United States. We the people deserve better; we deserve at least mediocrity.

    July 18, 2011 at 6:09 pm |
  178. rker321

    I have been reading a lot about the fact that certain factions of the Republican Party, don't want to raise the debt ceiling.
    That is unfortunate, as a Republican myself, I dislike extremists,
    I don't think that they really solve problems but they are playing with the lives of many Americans.

    July 18, 2011 at 6:10 pm |
  179. chloe's comment

    My greatest fear? That after all the years of paying into SS, Medicare, etc. and then managing to just get by on our pension, my husband and will not be able to afford food, shelter, medical care, clothing, utilities...
    After going through the first Great Depression we're just too old to go through it again....

    July 18, 2011 at 6:11 pm |
  180. Norma

    BOTTOM LINE!!! We have suffered enough. We are tired of carrying the rich on our backs and paying taxes that they should equally share. Since they are so sure of what the American People want, we all need to stand in front of Congress and voice our opinions the way that the Tea Party did. Where is everyone when it counts? Time to stand up and really be counted.

    July 18, 2011 at 6:12 pm |
  181. Stephen in NH

    Please people, learn the difference between debt and deficit. Unfortunately, we've already charged these items to Uncle Sam's credit card, we have to do this now and then focus on the rest after. I think everyone knows we need to reign in spending and make cuts during tough times – we all do this (hopefully) at home! At the same time we have to be responsible in how we do it. There is a way out of this mess (we've done it before) but it will take many people in Congress actually doing what's best for their country, rather than grandstanding and pandering to the wingnuts in their bases.

    July 18, 2011 at 6:13 pm |
  182. Yuh-hwang Tsao, Texas

    My greatest fear is this would cause permanent damage to our credit and we are going to pay for this foolishness forever with higher interest rates.

    July 18, 2011 at 6:13 pm |
  183. tom

    i think some idiots in washington wants to find out who fights harder?those that wants ....or....those that thinks they have.

    July 18, 2011 at 6:13 pm |
  184. Bob

    My greatest fear is that President Obama will blame Bush and the Republicans for all of this. Wait a second, he's already been doing that since January, 2009..

    July 18, 2011 at 6:14 pm |
  185. Jim Tomlinsen

    Well, history has told us repeatedly that markets move – especially the job market – when businesses are unafraid to spend, invest and take risk. As a business owner I will not spend or add jobs until the federal government shows me clearly that my business can support new jobs and growth. As a business owner I feed families. I cannot do that well if I am over burdened AND working with threats of more burdens. I take care of families by paying wage earners. I am part of the largest well being program (as opposed to welfare program) in the world – work. I am kind to my employees and my own family who live off of any profit I make. I take all the risks and bear all the responsibility of failure so my employees can make a living...so my family can eat. The only thing that can stand in my way is the federal government.

    July 18, 2011 at 6:15 pm |
  186. Roger from Phoenix

    Jack don't worry all these cry baby , lieing, scum bags in Washington know they have to raise the debt ceiling and they will have no fear.
    What's the differents if your country is 17 trillion or 14 trillion in debt with those kind of numbers there's no way ever to climb out the hole we are in. Raising the debt ceiling will be sugar coated with some cuts and a few loopholes addressed nothing major. This will buy them some time another few months perhaps enough time to line their pockets with a few more tax payers dollars and corporate goodies.

    July 18, 2011 at 6:16 pm |
  187. t howley

    the greatest fear would be that next November, we get a completely new House and no incumbant Senators are re-elected , along with the present WH clan – However, this is also the greatest hope

    July 18, 2011 at 6:16 pm |
  188. Frank in staten island

    My greatest fear may have already been realized if not yet manifested. What if we threw an auction and no one bought any of our paper? These yahoos on both sides of the aisle have created a situation where other countries (primarily China) have to be thinking that maybe we are not stable, that we really would not pay our debts. The second and more insidious part of this is that even if we raise the ceiling, the ratings agencies, who have all of a sudden become fiscal paragons of virtue, could still reduce our triple-A rating because they don't believe we have a handle on how to budget money – now how would you like to pay 1 to 3 or more percent on 13 trillion?

    July 18, 2011 at 6:17 pm |
  189. Kyle from Michigan

    The biggest fear I have is that the morons who run the country are still going to be in charge.

    July 18, 2011 at 6:17 pm |
  190. Mike

    My greatest fear is that we'll still have this same useless Congress and all they'll do is blame each other and continue to accomplish nothing.

    If we do default every member of Congress should lose their jobs.

    July 18, 2011 at 6:17 pm |
  191. Bob Schroder Piedmont Quebec Canada

    We will be referring to the last 2 years as the good old days.

    July 18, 2011 at 6:18 pm |
  192. Cal Orey

    Double-dip recession on into a Great Depression. Worse this time around. Social chaos. We will have a war of the socioeconomic classes and it will be the survival of the fittest. Welcome to 2012–the end of the financial world as we know it.

    July 18, 2011 at 6:18 pm |
  193. Nick

    Our elected officials leave their common sense home when they go to Washington along with ethics and the will to do the right thing, We the voters are too busy living or trying to – so no one reminds them why we elected them and we reelect them! That's what I fear. Democracy requires active participation. We are getting what we deserve.

    July 18, 2011 at 6:18 pm |
  194. Bayard Waterbury

    That the world as we know it will essentially cease to exist. The dominoes will be awesome to watch. The world will go away. Remember that our debt to GDP was 132% immediately following WWII, and now is about half that. Anyone who says that the debt limit shouldn't be increased is brain dead.

    July 18, 2011 at 6:18 pm |
  195. Ralle Krenitz

    If the government defaults, WE THE PEOPLE, should immediately foreclose on the White House and Capitol.

    I am from Phoenix, Arizona

    July 18, 2011 at 6:18 pm |
  196. fayes

    I have many great fears. My 20 year old grandson is battling cancer. He receives medicade, if the debt ceiling is not raised the devastation will affect all of us. I fear that my social security will be interupted, if that happens, I can't pay my bills.

    July 18, 2011 at 6:18 pm |
  197. Gman

    My greatest fear is that the Republican party continues to throw "monkey wrenches" into the process in an attempt to reach their political goals...

    July 18, 2011 at 6:18 pm |
  198. Chris Garrett

    I am afraid many like me will have no option other than to jump out a 20 story window.
    Chris in San Francisco

    July 18, 2011 at 6:18 pm |
  199. Matr

    Definitely one bad thing that could happen is the republican party use the defaulting against Obama in the upcoming election. It will be viewed as Obama's fault meanwhile it's every politicians fault for not reaching an agreement. We need to make sure that the republicans don't reach office in 2012 because in under a year they will undo and hurt this country and its policies that have been implemented since 2008. The very same policies that have picked the economy out of recession.

    July 18, 2011 at 6:18 pm |
  200. sal-MD

    Jack,
    My greatest fear is that those in congress and the white house would continue to receive their pay.

    July 18, 2011 at 6:19 pm |
  201. MC in TX

    At some point a default would trigger a cascade that would become a depression, the very thing we have been trying to avoid. What most people just don't get is that because of how heavily leveraged the U.S. is, our economy (and to some degree the world economy) is built on a house of cards based on giving the U.S. dollar more faith than the balance sheets would justify. A default would force world markets to face up to that reality and cause it all to fall, and its got a long way to fall. Even apart from the collapse of the economy, the damage to our credit even from banks within our own country, would last for decades.

    It's hard to say whether that cascade would begin on Aug 2, Aug 10 or maybe Aug 30 but debating that is like playing Russian Roulette.

    July 18, 2011 at 6:19 pm |
  202. Mary H Haskell

    My greatest fear is not being able to pay my utilities which are on auto pay after my SS check goes in. More – here's what I want to tell them: Republican, Democrat, Independent, Tea Partyer, Coffee Klatcher or Whatever – i do not give a rat's ass what you call yourselves, FORGET YOUR PARTISAN BICKERING AND POSTURING, ACT LIKE ADULTS AND FOR ONCE DO WHAT IS RIGHT FOR YOUR COUNTRY MARY HH

    July 18, 2011 at 6:19 pm |
  203. Linda in Arizona

    I'm not fearful. I am angry. Republicans would do anything to make sure obama loses in 2012 including tanking the economy. I call that treason.

    July 18, 2011 at 6:19 pm |
  204. Jim

    The world will view us through different eyes. "I'm not upset that you lied to me, I'm upset that from now on, I can't believe you." Friedrich NIetzsche

    July 18, 2011 at 6:19 pm |
  205. Tim

    My greatest fear is that no one in D.C. will lose their job, from the President on down, because of this non-sense,

    July 18, 2011 at 6:19 pm |
  206. K. Smythe

    My greatest fear at the moment is no Social Security check. I've worked all my life and continue to work privately as a virtual assistant. I raised children alone and took care of family members. I have no retirement. I live within my means and never eat out/go anywhere. But if I can't pay lot rent for the vintage RV I live in, I'll be out on my ear and that's a fearful thing for me.

    July 18, 2011 at 6:19 pm |
  207. Joy L Jones

    Inflation is my biggest fear. The dollar loses value & we buy everything from overseas.

    July 18, 2011 at 6:19 pm |
  208. Qubes

    HOW is my piddly SS check of $600 per month-which is my ONLY income even an option for cut when compared to the $400,000 the president alone makes? I could live for 55 years off of his check alone. I've made all the cuts that I can and I don't see where its fair to make me suffer further when the president, nor congress has made ANY changes to their lavish lifestyles to help the situation themselves. Why can't they trade Armani for Men's Warehouse like the rest of us are doing? This is stupid to hold the elderly and disabled hostage so the rich don't have to pay their share. We've already paid for our 'entitlements'! Shame on them!

    July 18, 2011 at 6:19 pm |
  209. D Smith

    The country will sink into despair due to the 5th grade actions of a pathetic Congress. They put the FUN in dysFUNctional.

    July 18, 2011 at 6:19 pm |
  210. John Kelley

    Civil War between the haves and the have nots. Between those whose ideas represent the 19th century against those in the 21st century. The war between reason and anarchy –
    There only way to avoid a collapse will be for the President to declare a national emergency and raise the debt ceiling with risk of conviction of impeachment.
    That is the only way to beat back the nuts in our society.

    July 18, 2011 at 6:19 pm |
  211. Quentin Riley

    I'm more worried about the McRib coming back! Politicians just don't get it and never will until money and profit are taken out of politics. Who's up for a McRib?

    July 18, 2011 at 6:19 pm |
  212. Jim, Athens GA

    We, the little people, will suffer even more than we are now. No one ever mentions those of us that make 50K or less.... much less. After all, aren't we the real majority?

    July 18, 2011 at 6:20 pm |
  213. CynicalTim, Colorado

    My biggest fear is all of the screaming from the liberals who will no longer have the money to continually expand government into our private lives. I don't want to go deaf from their whining.

    July 18, 2011 at 6:20 pm |
  214. shelly ft myer, fl

    i sold all my US treasury bonds in fear of loss of value. The politicians can play all the games they want I've downgraded their reputation to junk!

    July 18, 2011 at 6:20 pm |
  215. David Hoecker

    Cafferty,
    You and Blitzer are asking the wrong question. Here's what you should be concerned about: What happens if the debt ceiling is raised as it has been many times before without any true commitment to reducing spending? Here's what will happen if the Repubs just go along with the Dems this time: the USA will end up like Greece, potentially Spain, Ireland and other European debtor nations. Maybe you guys are just too old and hope the chickens come home to roost after you are long gone. Not acceptable. Get the spending reduced NOW!!!

    July 18, 2011 at 6:20 pm |
  216. Joel Patrick

    My biggest fear is that the professional politicians will cave in to the special interests who want to keep the fake moneyh printing presses going. If we don't stand up for fiscal responsibility now, WHEN? WHEN?

    The entitlement class is driving the middle class out of existence.

    July 18, 2011 at 6:20 pm |
  217. Chris P

    My greatest fear if we miss the deadline is that the Tea Party Republicans will celebrate our economy going down the drain because they only care about power for themselves. America we got what we deserved in the last election...a bunch of out of touch idol ovoids who know nothing about governing.

    July 18, 2011 at 6:20 pm |
  218. Beth Hancock

    My greatest fear about the debt crisis is that, no matter how bad it is, or how much we, the population, suffer from it, Congress will learn nothing.

    July 18, 2011 at 6:20 pm |
  219. david prescott

    I despair. It seems that the Republican goal of making Obama a failure is more important than getting our fiscal house in order. I live on SS and investment income and I'm sure both will take a huge hit if Congress can't get it together.

    July 18, 2011 at 6:20 pm |
  220. RJS in VA

    My biggest fear is that the American public will forget it by November and continue to re-elect the bastards that put us in this position

    July 18, 2011 at 6:20 pm |
  221. Patricia,Grass Valley, CA

    That check on the 3rd is for our mortgage pmt. If we default on this it will mean the loss of our home. Our mtg. was modified with the warning that we cannot be late. My check which comes at a different time pays the other household bills. Dock their pay and see how it goes.

    July 18, 2011 at 6:20 pm |
  222. Jes

    Mostly, I fear that if the dollar does in fact plummet because of this, that we'll be forced to live in a fabled post-apocalyptic type society, in which we trade in guns & canned food. That's not the American Dream. The greed agenda needs to be pushed aside & something needs to be done.

    July 18, 2011 at 6:21 pm |
  223. Barbara

    My biggest fear is about the spike in interest rates. We are just hanging on in my household. If the interest rate on our mortgage, credit cards,and student loans go up much. We are sunk!

    July 18, 2011 at 6:21 pm |
  224. Terry McConnell

    Greatest fear? No doubt it would be facing the fact the U.S. political system is seriously flawed. The politicians in Washington are no longer able to act in the public interest of their constituents.

    July 18, 2011 at 6:21 pm |
  225. Alf

    Greatest fear is the American people will continue to elect these stupid Republicans. I was a Republican but not anymore. I don't know what the Republican is anymore. So let them continue......they don't know they were elected to serve ALL the people, not just the rich and rich companies.

    July 18, 2011 at 6:21 pm |
  226. Rochelle Bawuah

    My biggest fear is going into a convience store and spending $2.00 on a little Debby snack!

    July 18, 2011 at 6:21 pm |
  227. gary

    my greatest fear is that our country doesn't return to God's side of the sodimite and the abortion issues because if we don't God will never allow our country to correct our financial problems no matter what economic polices we come up with.

    July 18, 2011 at 6:21 pm |
  228. Elizabeth Ackerman

    I am afraid my husband and I will never be able to retire. We have worked hard all our lives and would like to have some time to enjoy life before it is over.

    July 18, 2011 at 6:21 pm |
  229. john

    Jack,
    My biggest fear is that the CEO's that have been robbing the American public blind will continue doing business as usual. They have the government backing them giving them the rights of the individuals, and they have the money that is often found in the pockets of our politicians telling us that we cannot tax them and that we all need to tighten our belts during this recession as they give themselves huge pay raises while cutting their employees so that the corporate bottom line is fine during their annual erports.

    July 18, 2011 at 6:21 pm |
  230. Ronald Morris

    I am not worried about my Social Security check. After all Obama, Reid and Pelosi have assured me that SS is solvent and has plenty of money to meet all of it's pbligations for decades. And since they have assured me my SS money has gone into a 'Lock Box' I am sure there izs plenty of money there. And even if the money has been taken out and replaced with bonds the Treasury could just sell those bonds. I am sure someone would want 0% bonds backed by the full faith and credit of Obama's version of the US Government.

    July 18, 2011 at 6:22 pm |
  231. Jack - Lancaster, Ohio

    Mr. Cafferty:

    The problem I see here is in equating regular folk financing milieu with Governmental financing. The reality is, we the peoples pay for the privileged. That is, the have nots, pay for the haves. Further, it is the working classless that pay for the privileged class. Now I am wondering, if the debt limit is not raised will Mr. Obama's white house be foreclosed upon and can we the taxpayer bid on it in the sheriffs auction? I don't want it...too much clutter!

    July 18, 2011 at 6:22 pm |
  232. Joephine Thiel

    From Highland, Illinois
    My greatest fear is that we will have a major Depression that will make the 1930's look like a picnic in the park.
    Millions of senior citizens will be living in their cars in these parks along with millions of the poor in our country.

    July 18, 2011 at 6:22 pm |
  233. scott segner

    Jack

    One of my fears is that the congressmen and senators will get their paychecks anyway and they won't care about anyone else not getting theirs.
    They don't care about anyone but themselves, since they've already "got theirs"

    July 18, 2011 at 6:22 pm |
  234. Sean Williams

    This hasn't just been coming for a month, it's been coming for over a decade. I'm dumbfounded by the number of people that I talk to that have no idea what the difference is between a deficit and the debt – rampant ignorance and apathy. My fear stems from the repercussions of the inevitable interest rate hikes that this will trigger – the dominoes are all lined up, just waiting for the lead one to fall ...

    July 18, 2011 at 6:22 pm |
  235. Ruth M., (Samson, AL)

    My greatest fears have been realized – Congress is too stupid to know what to do! They don't have a clue about finances, balancing a budget, or just how hard it is for Americans to get by these days. They are living in a bubble of ignorance! I need my SS check or I'll default on MY payments! I barely get by as it is, adding all the late fees will push me over the edge. My stress level is up to new heights! I don't think I have ever seen so many people at one time being so stupid!

    July 18, 2011 at 6:22 pm |
  236. Sue

    I have two fears: 1) that the arrogant supremists in DC will get their checks while my senior citizen mother doesn't get hers; and 2) that the American voters will do what they do best which is to forget all about this irresponsibility on election day and let all of them keep their well-paying jobs with benefits.

    July 18, 2011 at 6:22 pm |
  237. CynicalTim, Colorado

    My biggest fear is that Caffert and Blitzer will finally have to admit that a government doing nothing because it has run out of money is a pretty darn good thing.

    July 18, 2011 at 6:22 pm |
  238. Flyingwolf, Manchester NH

    All I can say is "join the club."

    July 18, 2011 at 6:22 pm |
  239. Kevin

    My wife's now out of work for four months. I just see continued disruption in the job market as companies sit on the sidelines(I don't blame them) with yet another uncertainty caused by the clods in DC.

    July 18, 2011 at 6:22 pm |
  240. Dan ... Seattle, Wa.

    For a change, a question with real merit.
    My greatest fear is that OUR Treasury Dept. will pay the interest on the National Debt and NOT pay Americans. Ever since I first heard about paying the interest and NOT paying Social Security, etc. I have wondered "why". What is the LEGAL basis for this?
    Well Jack, there is NONE. There is NO Federal Law or, Statue forcing the Treasury Dept. to pay "interest" over paying MANDATED Congressional Programs, i.e. Social Security. THATS my main concern.

    July 18, 2011 at 6:22 pm |
  241. Janice Romeo

    I'm 66. My husband is 77. We don't have pensions. Our retirement fund is in the stock market and if that tanks we're in a yurt eating peanut butter and jelly.

    July 18, 2011 at 6:23 pm |
  242. Summer Jackson

    Biggest fear? Oh no biggy-just my 75 year old mother losing her house, no groceries, no air conditioning et al. Seriously-FIX IT

    July 18, 2011 at 6:23 pm |
  243. Horace

    My greatest fear if the debt ceiling is not raised is that if the US credit is damaged immediately the American people with their short term memory intact will still forget to vote out those idiots they elected to congress in the last election.

    July 18, 2011 at 6:23 pm |
  244. mike

    My greatest fear is the more republicans / tea party canditates will be elected ... They don't care what happens to America !! I left the republican party a long time ago ... taken over by the conservatives, religous right, tea party nuts, ...

    July 18, 2011 at 6:23 pm |
  245. Elizabeth

    I'm 19, and hardly old enough to make any sort of significant difference. My fear is the size of the mess they're leaving for my generation to clean up.
    This is absolutely ridiculous.

    July 18, 2011 at 6:23 pm |
  246. Sandy

    My greatest fear is that Obama may bow to the tea party idiots. He says everything is on the table but how about the Congress salaries? If social security checks do not go out Congress should not be paid either. This country is going to the dogs in a hand basket, and that is my greatest fear. We just can't seem to elect reasonable, intelligent people because only the RICH can run for an office.

    July 18, 2011 at 6:23 pm |
  247. Bignified

    My only fear is if we, the unemployed, the uninsured, the majority, continue wearing blinders to this blatant madness!

    July 18, 2011 at 6:23 pm |
  248. Quincy

    The worst fear I have is that our elderly, poor, and infirm vets won't receive their government's support. How a nation treats its less-fortunate people is the main indicator of its character. Not dealing with the debt-limit and budget impasse is the fault of stonewalling Congressmen and Senators who put selfish egos ahead of public harmony. The founders are rolling in their graves because Washington warned everybody about the dangers of faction just before he left office.

    July 18, 2011 at 6:23 pm |
  249. Wayne Tennessee

    Not fearful. The people in this country will crush Washington. The aftermath will be shocking. Politicians will become refugees. This country wil NOT tolerate it.

    July 18, 2011 at 6:23 pm |
  250. John

    My greatest fear is that we will re-elect these same clowns.

    July 18, 2011 at 6:23 pm |
  251. Christopher Danson

    My greatest fear is that we won't have the money to continue military action in Iraq, Afghanistan, Pakistan, Yemen and Libya. Oh, thats right, we can always find money to police the Middle East !

    July 18, 2011 at 6:23 pm |
  252. Warren Rubin

    Fear? Well, that's yet to be realized, isn't it? Too many politicians pursuing sound bites for next year's elections. Not enough of the people's business being taken care of. My fear: that the United States, already in danger of losing our global leadership position, will forever be untrusted and unworthy in the eyes of the rest of the world. Our children and grandchildren will not know the pride of being responsible for what will have been the world's greatest experiment in democracy. The United States will wither and fall victim to more than the verbal politics of division, intolerance, and hate. Economic calamity will lead to social disintegration.

    July 18, 2011 at 6:23 pm |
  253. Dennis, Detroit

    Jack,

    My deepest fear is the end of America as we have known it. Plainly stated, this is no longer the nation of our grandfathers. Great nations fall because of muddy thinking and poor priorities.

    Dennis
    Detroit, MI

    July 18, 2011 at 6:24 pm |
  254. John in Louisiana

    It will effect the amount I have in my 401k and it push me to protest in streets. The Middle east countries have new leadership, this is where this country is heading !!!!

    July 18, 2011 at 6:24 pm |
  255. C.G.

    For the 2nd time in 3 months my active duty military paycheck is in doubt while those responsible will get paid regardless. While politics rules the debate, those on the front lines will be fighting regardless. If we have to fight without money, they should have to politic without money. It's only fair. If their paycheck was in doubt, I bet the debt ceiling would have been raised months ago. It's ridiculous.

    July 18, 2011 at 6:24 pm |
  256. Evelyn

    How can anyone really believe that defaulting on our fiscal responsibilities is acceptable? I thought Republicans were supposed to be more responsible than that. I'm sickened by the fact that they are willing to destroy America as we know it just to get re-elected.

    Evelyn in Corpus Christi TX

    July 18, 2011 at 6:24 pm |
  257. CT Maloney

    This means that there will be no investment in CLIMATE CHANGE

    July 18, 2011 at 6:24 pm |
  258. Chris

    I worry that the gov't will fix the debt problem, but the American people will continue to lead a life of unfettered consumption. The public debt is $46K per person, but the consumer debt is even more; $51K. Americans spend a lot and save very little. If the gov't get's its act together without a similar effort "at the kitchen table", my fear is that we'll all be at this point again in the near future. Americans demand services, but we don't like to pay for them. Just like consumer credit, we like the purchase but we don't like the bill.

    July 18, 2011 at 6:24 pm |
  259. Hank

    I am afraid for our future as a country. I am afraid that our economy will collapse and I am afraid that we will be unable to fix our non-functional government. I don't want to listen to the blame game if the economy, as we know it, collapses. I am enraged that we cannot even gain any revenue by closing tax loopholes. Exxon Mobile earns about $5 million per hour, 24/7 and in 2009, they not only paid no taxes, but they received a $46 million tax REFUND. In my mind, that is a tax that the American tax payers paid Exxon Mobile. That is an unfair tax that should be repealed.

    July 18, 2011 at 6:24 pm |
  260. Kerry

    There are far too many fears for so many people in our country to name. My greatest "hope" is if there are checks that can't be sent they hold back on social security and medicaid/ medicare payments to teabaggers who stand behind the ignorant rants and raves of nuts like Bachmann and other lose cannons who ignore history in our government on what works and what doesn't.

    Let them at the bottom if list of government obligations since they put the lower intelligence species in charge of congress and numerous state governments.

    July 18, 2011 at 6:24 pm |
  261. CynicalTim, Colorado

    My biggest fear is that when government employees go on a forced vacation they might come to Colorado!

    July 18, 2011 at 6:24 pm |
  262. James

    If the debt ceiling is not passed, the American public will find out the truth about our economy. That is - there really isn't one. The whole thing is just an illusion, concealed by smoke and mirrors, and has been since the repeal of the silver standard. The Emperor isn't wearing any clothes.

    July 18, 2011 at 6:24 pm |
  263. Donna Meinze

    Jack, My worst fear is that I'll be wrong for sitting here thinking that
    there is no way either side is not going to raise the debt ceiling because those fat cats all have money invested in the market and surely don't want to get caught if it tanks again. I think it's just posturing for the cameras so all can say at election time that they did all they could.
    It's no time for partisan posturing by banty roosters rather it is time to work together to keep this country together

    Richmond, KY

    July 18, 2011 at 6:25 pm |
  264. Joe Osenbaugh

    My greatest fear is that the Idiots on both sides in Washington will get re-elected!!!

    July 18, 2011 at 6:25 pm |
  265. Tom

    My biggest fear is that America will become a third world country. I believe all republicans should be fired, because they talked about creating jobs, but never delivered. Shame on them.

    July 18, 2011 at 6:25 pm |
  266. John from Houston

    My fear is the Republicans won't be properly blamed for this mess. They are the sole culprits, beginning under the Bush administration.

    July 18, 2011 at 6:25 pm |
  267. Anthony Plumer

    My greatest fear is that we will never had another Great President like FDR, Franklin D. Roosevelt, and that his legacy will disappear. Before FDR, there were no safety nets of any kind for regular folks, no unemployment benefits, no social security retirement plan, no credit unions, no health benefits (he layed the groundwork for Medicare and Medicaid), no Disability benefit, I could go on and on. He guided our country and the world towards a new civilization based on world brotherhood . . . Before FDR, if you were not wealthy, you were out of luck if you lost your job and or your health.
    After FDR, we now have a government based on fellowship and compassion, and yes we have to pay for it. But isn't it worth it?
    The Republican Agenda has always been the same, undo and Destory the New Deal and return American to the 1700's, or worse.
    Wake up America, all that FDR gave us is in dire jeopardy.

    July 18, 2011 at 6:25 pm |
  268. Steve Allen

    My biggest fear is the US dollar losing it's reserve status...if that happens we would be looking at way higher inflation... oil would no longer be sold in dollars so we would be paying $6.00-$7.00 a gallon for gas.

    July 18, 2011 at 6:25 pm |
  269. Clay

    Jack, my biggest fear if the government doesn't pay it's bills is that we will experience an economic melt down that makes 3 year ago look easy.That the markets will collapse all around the world, that we will see 25% or higher unemployment, the US dollar will be worth nothing, and we will all wind up in soup lines again. I had to leave homeless for a little while, and let me tell you it demoralizes you like nothing else can. I wish our government would pretend to be adults for a day, and Pay the Dang Bills!

    July 18, 2011 at 6:25 pm |
  270. Dee in New Paris Ohio

    Of course, since both my husband and myself sort of rely on our Social Security benefits, my fear is that the President might be right, that the checks will not go out.

    But even bigger than that fear is the fear that my country is going down the tube. Our representatives will NOT quit acting like little kids and do something productive. Some who would like to be our representatives are spouting what I would call hate speech. The Democrats are not doing anything, and the Republicans seem to be willing to do ABSOLUTELY NOTHING as long as Obama is President.

    I have the fear that the hate will engulf this country and take away not only the American Dream, but the Bill of Rights, the Constitution, and everything else that made us into the GREATEST nation on earth!

    If my benefits do not come I will simply do what the government did, stop paying my bills. And I think a lot of senior citizens will be forced to do the same thing. But that is what will happen if Congress does not get off its collective butts and do the right thing!

    July 18, 2011 at 6:25 pm |
  271. Joseph Kraatz, Oceanside, CA

    To imagine that the government wouldn't pay social security benefits is unbelievable. That is not an entitlement program. It is paid into by employees and employers and is suppose to be flush at the present time. However, the government has sucked out all of the money from social security. If the republicans decide to not raise the debt ceiling and social security payments don't go out they will never see public office again which won't hurt my feelings.

    July 18, 2011 at 6:25 pm |
  272. nita

    My biggest fear is that I will not be able to take care of my sick daughter. She is one of the million cases of delayed cancer diagnosis. She had cancer (3)times. I am 65 years of age
    and also her caretaker. All I have is my social security to take
    care of her. I guess the Republicans don't care enough about
    people like us. The doctors that missed her cancer are well
    protected by the Republicans. If the Republicans cut my social
    security I don't know what will happen to us.

    July 18, 2011 at 6:25 pm |
  273. Michael Murphy

    Jack,

    My biggest worry if they don't raise the debt ceiling is that I'll have to hear you pundits talk about it for another six months😦

    M Murphy

    July 18, 2011 at 6:26 pm |
  274. Rick Merritt

    My greatest fear is that none of our politicians will resign afterwards and continue to run this country. Should I have added the letter (i) to the word run?

    July 18, 2011 at 6:26 pm |
  275. Kay Pratt

    My greatest fear is that our president is so far out of touch with his frightened citizens that he doesn't lead us into a safer, more conservative future.

    July 18, 2011 at 6:26 pm |
  276. Dale Berry

    If the debt ceiling isn't raised, nobody knows what will happen.

    But that's the problem. When people don't know what tomorrow will bring, they don't spend, they don't lend, they don't travel – they wait. It will be 2008 all over again...

    Please lower the deficit (no matter what it takes), increase the debt ceiling, and provide certainty for the future.

    Dale in Indiana

    July 18, 2011 at 6:26 pm |
  277. Denny from Tacoma

    My greatest fear is that Congress will take full advantage of it to increase their pork spending. They have been spending other peoples' money irrationally for too long.

    July 18, 2011 at 6:26 pm |
  278. Orville Weale

    My greatest fear is that many people may become hysterical, thinking they will no longer be able to survive, and act irrationally.

    I don't want anyone hurt, and also I don't want to see our personal freedom and rights of privacy suffer from an ensuing police crackdown if the above scenario were to pass .

    July 18, 2011 at 6:26 pm |
  279. CT Maloney

    This means that there will be no investment in CLIMATE CHANGE and ALTERNATIVE ENERGY. These issues are far more important even than financial and political issues. The world CANNOT support 7-8-9-10+ billion people on our "standard of waste" without fundamental changes in lifestyle and what government is for and does. Government MUST invest in infrastructure, energy research, rail network, and efficiency at all levels.

    July 18, 2011 at 6:26 pm |
  280. Linda Vidar

    With such a mind-boggling economic crisis looming,perhaps the following Schedule of Rates such be posted in the Halls of Congress:

    Answers - $1
    Answers which require thought –$2
    Correct answers –$4
    Opinions –50 cents
    Dumb looks are still free

    Courtesy of an auto repair shop in Tennessee

    July 18, 2011 at 6:26 pm |
  281. Ken in NC

    My biggest fear would be having to wait in long lines to slap a pie in the face of a Republican or Democrat for screwing this country.

    July 18, 2011 at 6:26 pm |
  282. Glenn

    I like to see the silver lining in things. If we don't raise the debt ceiling, people will no longer tell today's young people that we've never experienced hardship and that those who lived through the Great Depression were tougher than us, because we'd be living through the Great Depression II. Also, because both parties have ownership of this mess, maybe we'd get some independents or third parties in office.

    July 18, 2011 at 6:26 pm |
  283. V.Rizzo

    My biggest fear will be that I will not be able to find a seat on a plane leaving the country. I wonder if I could get on one of those corporate jets hidden in one of their money bags destined for export. Then again they may be takeoff weight restricted.

    July 18, 2011 at 6:27 pm |
  284. Sterling

    My fear is my father would be rolling in his grave! He was a life long Republican as I have been and as I contemplate changing parties (Bush started this mess by starting a war with Iraq and a few weeks later lowering taxes to NOT PAY FOR THE WAR) and with no "speed limit" imposed on Wall Street (thanks again to my party) the snowball effect is going to bury us so deep, no shovel in the galaxy will save us unless both the left and the right can come to an agreement MUY PRONTO.

    July 18, 2011 at 6:27 pm |
  285. Marie V

    If my daughter does not get her Social Security on August 3rd I don't know what she will do. She gets survivor benefits. Her husband passed away and left her and two small children behind. This money is very much needed since she was laid off from her job in 2008 and has been unable to find work. I think instead of taking away money from people like her and the elderly take it from congress, the senate and Obama. Let's see how long it would take them to settle this!

    July 18, 2011 at 6:27 pm |
  286. Bill G in Tucson AZ

    My fear? Over the past 2 years, the feds have been printing money left and right to pay for things. I am sure they will do the same thing now. And when we run out of that money, they will simply print more. We will flood the world with so much U.S. dollars that it will become useless. The Yen could become upside down. It could take 10,000 dollars to get a Japanese Yen. Out of control devaluation of the dollar.

    July 18, 2011 at 6:27 pm |
  287. Stewart J. Lustgarten

    Dear Jack!

    My greatest fear is that Obama won't pull the following off

    Tim Geitner said before he was shut uptwo Sundays ago on CBS was that Obama as a Constitutional lawyer holds the trump card in his back pocket. What that is, is the 14th Amendment which essentially states that the Federal governments debt and its pensions shall not be questioned. It further states that it is for Congress to enforce it. But per case law, if the Congress fails to act then it's left up to the President. All Obama has to do is order Benanke to print more money to pay the debt which was authorized with the Budget, last year.

    No worry about hyperinflation with a US 85% domestic consumption unlike post Great War Germany!

    July 18, 2011 at 6:27 pm |
  288. Andy

    If the economy even hiccups, I'll probably get laid off. Then I lose my health insurance. With no income, I can't afford the $500/mo for my multiple epilepsy medications. Within a couple months, I'm dead...

    July 18, 2011 at 6:27 pm |
  289. Tom from Nebr.

    Since I'm retired i would lose my SS benefits, and since my IRA is tied up in investments I would no longer be able to pay my bills once the market crashed. My life would be over in a few short months. What does a gun cost these days? I'd rather go out quickly, rather than starve to death.

    July 18, 2011 at 6:27 pm |
  290. Linda Hoffman

    If we don't raise the ceiling now, this current recession could (and probably would) put us (and the world) into a real depression this time. My parents and in-laws all went through the great depression and the stories they told are enough to scare you badly, especially since back in those days people didn't loot and shoot their neighbors.....today we would not be able to stand in bread lines for fear of being attacked by crazy people made even crazier by hunger....

    July 18, 2011 at 6:27 pm |
  291. Doria Dieckmann

    I'm really terrified not for just myself, but also for millions of people out there who rely on getting those monthly checks. What are all of us going to do? Especially the seniors and the disabled, who cannot work at all! They keep talking about mailing of checks, but what about the people who have their checks direct deposited? Will that be affected as well since they are set up electronically? People who live in apartments will be charged all kinds of late fees for not paying rent on time, and could be living out on the streets!!!!

    July 18, 2011 at 6:28 pm |
  292. Jim

    Jack,

    My biggest fear is that Republicans would somehow succeed in duping the public into believing the whole mess is somehow Obama's fault.

    Jim
    Reno, Nevada

    July 18, 2011 at 6:28 pm |
  293. Paul R.

    My greatest fear is that we will become another Weimar Republic type of country economically due to Tea Party ignorance and a three year running obstructionist policy of the Republican Party. Republicans have blocked almost all measures proposed by this current administration, and they have said their number one priority is making Obama a one term president. No one seems to recognize what this political obstructionist policy is doing to our country at all levels.

    5% of the population control 95% of the wealth in this country, and they have the lowest tax rates over the past ten years than they had under Eisenhower, Nixon, Reagan, or Bush #1. Look at what has happened over that period of time in government spending due to W's stupid wars and several years of Republican controlled legislatures in the House and Senate rubber stamping everything W wanted to do economicaly, politically, and militarily without bringing in enough money to pay for it.

    The Republican Party IS THE PROBLEM, and the uneducated moronic buffoons who constitute the Tea Party wing of the Republican Party are only making the issue much worse than it would have been if we had stuck to Clinton's tax policy. We would have been out of this mess by now if we had stuck to the plan. History proves this, Republican rhetoric does not, nor do those belicose blowhards who spout their poison on television and radio. And we wonder why the rest of the world calls us stupid?

    July 18, 2011 at 6:28 pm |
  294. Larry from Moore, OK.

    Thankful for you Jack, I am a Gulf-War Veteran on VA compensation disability and Social Security Disability, my greatest fear is not getting the benefits to pay my bills or be on the streets. Sure, I volunteered 5 1/2 years of my life to fight for and defend this great country of ours without much of a wimper, come on politians , take your binkys out of your mouths and do your jobs. I am getting tired of hearing all the bickering, lies, who does what with who. All the politians were voted into their positions from people like me who expect a job to be done. Do your job or look for another one. What a shame, what a shame.

    July 18, 2011 at 6:28 pm |
  295. Patrick

    My greatest fear is that it won't happen. It's not that I want it too: but, I am sick and tired of pundits and news people wringing their hands over the worst possible consequences whether it's carmageddon, Obama ruining America, or the debt ceiling. Most of America isn't paying attention because most are smarter than you think and know newspeople are crying wolf all the time...sorry Mr. Blitzer!

    Let the idiots flounder as they usually do until the last minute when...eureka...it's all worked out. This is what always occurs when you run the country as we always do with crisis management.

    July 18, 2011 at 6:28 pm |
  296. Franck

    A mini stock market crash..
    My 401k does not need that...

    July 18, 2011 at 6:29 pm |