There is no way in helllll the debt ceiling will not be raised. I can guarantee you that. Not raising the debt ceiling without having a balanced budget(realisticially not enough revenue for that to ever happen) will of course make the markets crash. Not to mention bringing everything from courts to federal LEO agencies to a standstill as well as the global banking industry. You'd see the worse conditions the world has ever seen.
This debt ceiling debate by the politicians is nothing but a big dog and pony show. The republicans will "pretend" to not raise it as bargaining leverage to get the democrats to agree to some spending. Behind closed doors both sides know good and well the ceiling will be ultimately raised because there is no other alternative. They'll both agree on some token cuts at the very last second making it appear that they fought very hard for their side. In the end the cuts will be no where near enough to balance the budget and prevent the debt from rising. It's all a big F'en joke. WHEN OUR THEY GOING TO LEGISLATE FOR CONDITIONS THAT ALLOW FOR BRINING BACK JOBS SO THE NATIONS REVENUE GETS BACK ON TRACK?!!!!!
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