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Debt ceiling crisis

A gun shot to the head: America will be seriously injured by a self-inflicted wound from our president, Comrade Obama, and our inept, money loving, and power hungry Congress.

No one knows what will happen to the economy if lawmakers fail to reach a debt ceiling deal by Aug. 2.

Except this: It won’t be good.

For starters, interest rates could shoot up and stock prices could plummet — leaving Americans less well off and less willing to spend, to say nothing of having less economic confidence going forward. The same goes for business owners and investors.

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