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If you truly believe that that the stock market will not tank if we fail to reach an agreement on raising the debt ceiling, then I have a nice bridge down here in Atlanta going at an excellent price.

Have you seen the fear in the market over peripheral countries like Greece threatening to default? Imagine that X 10000

This issue is bigger that 0 and Boner. Everyones’ retirement will take a beating.

Quit politicizing the faith and credit of the United States of America FREEPERS!!!

Well there's more than enough tax revenue from income taxes and social security taxes to pay for social security benefits, interest on federal debt, and the vital national security activities at the Pentagon, FBI, and in the intelligence community. So there's no reason we should ever have to default on interest payments on US Treasury debt. If we don't raise the debt ceiling, much of the rest of the federal government would have to shut down because we wouldn't have enough revenue to pay for all the massive bureaucracies and the other entitlement programs such as medicare and medicaid.

So actual default on Treasury bonds is out of the question. Talk of debt defaults is just a scare tactic used by liberals and RINOs to try to coerce the House Republicans into voting for tax increases (at the worst possible time for our economy). The financial markets are concerned about the short-term economic impact of a partial federal government shutdown. That's the issue for the markets, not actual defaults on debt, but the markets also want to see major cutbacks in spending out beyond 2012 and a big reduction in future deficits.

Everyone’s retirement is at stake, because America is being irresponsible...like a crackhead with a credit card. We've hit the bottom. There is NO MORE MONEY TO TAKE. If you're worried about your retirement accounts...then the best thing for it is for America to start showing they are responsible, not irresponsible.

Get off the crack! Cut up the card!

Ef the “Markets.” Seriously. They are being propped up with borrowed government/taxpayer money via giant Wal Street mega-banks on the Fed’s take.

It’s unsustainable. The crash will be cathartic, not apocolyptic.

If you truly believe that that the stock market will not tank if we fail to reach an agreement on raising the debt ceiling, then I have a nice bridge down here in Atlanta going at an excellent price.

What?! When did I ever say that the stock market will not crash if the federal debt ceiling is not raised? OF COURSE this ludicrous stock "market" WILL crash - it's only a matter of when.

Is there anyone out there who does not understand that this current market valuation is entirely the product of unsustainable federal debt games, and has exactly nothing to do with natural economic fundamentals? I fully expect a ~50% market value correction in the next year or so, which is why I have been completely out of stocks for some time now.

Anyone with money still in this farce of a ponzi market better be prepared to lose half of it.