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What could happen if US defaults

• A rise in interest rates on credit cards, car loans and mortgages
• Layoffs of US federal government employees
• Delays in sending cheques to social security beneficiaries
• Financial institutions selling off US Treasury debt to replace it with AAA-rated debt
• Foreign creditors withdrawing large sums of money from US banks

* Source: Harvard University Economics Professor Jeffery Miron

John Boehner RESIGN!

Change.org|CLICK AND DEMAND HE RESIGN »

Greetings,

I just signed the following petition addressed to: John Boehner.

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Resign!

It’s in the best interest of the american people. Holding government hostage to serve the 2% of the wealthiest of americans while stepping on the remaining 98% middleclass, poor and especially the seniors.

He needs to go for not agreeing to a balanced approach to America’s debt.

We need to increase taxes on the Wealthy!
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Sincerely,

Kimberly Stokes-Holder

John Boehner RESIGN! http://t.co/7xo60Zm via @change

call @SpeakerBoehner Phone: (202) 225-0600 Fax: (202) 225-5117 tell him it’s time the wealthy pay their share not our elderly parents! http://bit.ly/ri0vz2

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