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July 21st, 2011
11:32 PM ET

KTH: Consequences of not raising debt ceiling

Editor's note: CNN's John King reports on the consequences of not raising the debt ceiling, a position advocated by some in the GOP.

Related: Possible deficit reduction deal emerging, sources say

Related on CNNMoney.com: What happens if Congress doesn't raise the debt ceiling?

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Filed under: 360° Radar • 360º Follow • Keeping Them Honest
soundoff (3 Responses)
  1. Starr, formerly know as vincent

    Hello everyone, so sorry i am so late.

    I was horrified to hear that Boehner walded out of talks with the President.

    NOW, i'm really worried!

    July 22, 2011 at 10:25 pm |
  2. anthony bove

    No tv or radio stations are really talking about the real reasons this country is in trouble, Corruption in Congress, Pork
    Barrel spending. The stolen billlions of dollars in Aftganistan, millions of dollars we paid to imposters in Aftganistan, guns
    we gave to mexico to protect our boarders and they are using the guns against us and a treadmill for shrimp. The
    senior citizens, veterans, disabled people have worked all of there lives for what we are now receiving, Most of the
    politicans, both republican and democrats are million airs, and I am sure some of the money was not made honestly. Plus the American People come first. The billions of dollars received to cam[aign should be spent on saving america and not to
    tv, radio, newspapers to say or print lies. The working class people of the world are the power, not the rich, The rich did
    a super job in causing the working people of the world not to trust each other. I would truely like a response to what I have said.

    July 22, 2011 at 7:43 am |
  3. Vince Trevino

    Clearly, neither party has the best interests of our country in mind. It is a betrayal for the President to bargain with republicans offering up Social Securiy and Medicare Benefits and for the republican party to insist that the wealthiest Americans continue to receive tax cuts. Neither party is concerned for the future of our grandchildren–to say so is pure political rhtetoric. I am quickly losing faith in our government's intent to fulfill its purpose; to protect, to provide justice, to maintain order and to insure a stable economy. As a citizen of and indirect democracy I believe that those appointed to represent us have become self-serving beaurocrats without any regard for the people they are appointed to serve. God save us.

    July 22, 2011 at 2:51 am |