Recession History and The Current Economic Crisis » collapse http://recessionhistory.info Global economic recession history 2011 Sun, 05 Feb 2012 14:25:35 +0000 en hourly 1 http://wordpress.org/?v=3.1 Q&A: If the increase in the debt ceiling fails to pass, will the ensuing default and financial collapse be? http://recessionhistory.info/qa-if-the-increase-in-the-debt-ceiling-fails-to-pass-will-the-ensuing-default-and-financial-collapse-be/?utm_source=rss&utm_medium=rss&utm_campaign=qa-if-the-increase-in-the-debt-ceiling-fails-to-pass-will-the-ensuing-default-and-financial-collapse-be http://recessionhistory.info/qa-if-the-increase-in-the-debt-ceiling-fails-to-pass-will-the-ensuing-default-and-financial-collapse-be/#comments Mon, 24 Oct 2011 21:25:25 +0000 admin http://recessionhistory.info/qa-if-the-increase-in-the-debt-ceiling-fails-to-pass-will-the-ensuing-default-and-financial-collapse-be/ Question by Thoughtful Monkey: If the increase in the debt ceiling fails to pass, will the ensuing default and financial collapse be?
remembered as The Republican Default and Recession of 2011, or the Tea Party Default and Recession of 2011?

Best answer:

Answer by Shovel Ready
Illogical presumption to start with here. It the debt ceiling stays where it is, the government will prioritize its expenses. Interest will be paid. Crap will not be paid. Then the economy will start to recover.

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