• The Political Commentator, Michael Haltman
The US debt ceiling debate is an interesting political sideshow, but just how serious could the actual problem be?
What do Americans think?
A recent CBS New poll that asked Americans whether or not the federal debt limit should be raised showed that almost 65% think that it should not be!
Given that result, compare the current federal debt crisisto the potential ramifications for any family USA, a smallindividual borrower who gets a $100,000 loan at a 1%initial interest rate. This 1% is a teaser rate that will be adjusted at some point in the future to a prevailing market interest rate...
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