With all the media hype and predictions of gloom-and-doom, let me be the first to give you the good news. For all the rhetoric, since this “debt crisis” began back in May, our national debt has stabilized. Beyond that, it has actually decreased by ~3 billion dollars. So by holding their ground, the tea party coalition in Congress is accomplishing the task the were elected to do. Keep up the good work folks!
Though there had been hopes that the Treasury Department would detail its debt ceiling contingency plans after the end of trading Friday, the delay in a vote on House Speaker John Boehner’s bill may mean that the department waits a few days before announcing what bills will be paid first in the event that it can no longer borrow money after Aug. 2. – POLITICO.com.