My guess is that the debt ceiling will be raised and the clock marking the time left before America is destroyed will continue to click down to that final, brutal moment when the lights get turned off and the party stops. All because we aren't grown up enough to face the consequences of our actions.
"I'm writing to ask that you do not vote to extend the debt ceiling. I understand precisely what that means; we will default on our obligations and our economy will collapse. The thing is, that is going to happen regardless of whether we continue to pile on more debt or not. The only difference is that maybe, just maybe, it can be shoved down the road another year or two. But that only delays the inevitable and worsens the results. If we can hold our debt at current levels and begin to significantly slash spending, and yes, that includes ALL entitlements, even Social Security and Medicare, to a level that matches revenue, maybe we can come out of this, years from now, in one piece.
This will be extraordinarily difficult and painful but there's really no way around it now.
Please take a look at this article at Market Ticker (http://bit.ly/i15ubg). He does a good job of explaining the math.
Thanks for your time."