As far as raising the debt limit goes, you have little choice but to pay your debts. Raising the debt limit was about paying debts due. Whether you're person, company or country, defaulting on loans is bad news for your future credit and financial viability ... I agree that not getting into debt is the ideal thing, but defaulting on money you owe to others is a highly unsound choice-- and most probably illegal, even if you are the U.S. of A.
Last edited by drc; 09-09-2011 at 10:36 PM.
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