The Blog

August 2nd

Not only is this my birthday, but this will be the deadline for the USA to get their act together! If they do not agree on a plan before August 2nd they will default on their debt. This could lead to another recession and the collapse of any progress their economy has made in the last few years. The Democratic and Republican parties are fighting over different ways to tackle this problem by either raising the debt ceiling or slashing spending. At this point it is a big political game which will, if they default, lead to a huge shakeup in not only the USA economy but may other countries. The US is playing with fire here and I hope they can come to not only a short-term, but a long-term solution to their looming debt issues.

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