Yup; they are in deep trouble and only time will tell now. I don't believe it is going to be a pretty way out of it. each year we will see the debt ceiling coming weeks or months earlier and earlier until they financially default or announce huge unbelievable cutting and tax increases nation wide. Like i said in my other post "It's going to be the sequester from hell jacked up on steroids and redbull"

for those that have not seen this yet, http://www.usdebtclock.org/

They did it! USA shuts down! Hum, well folks; ne 1 wanna venture a guess how long this one will last, only 17 days to default on national debt for 1st time ever. last shut down happened in 1996 and lasted 21 days, while another one just previous to that in 1995 only lasted 5 days. Never the less, at least 800,000 people are now with out work and all national parks and attractions are closed. I heard cnn.com and on TV say this could cost over 1 billion a week. welcome everyone to day 1 of the shut down

My guess would be not long...the whole thing was to try to kill Obamacare, which took force today, regardless of a shutdown.
There isn't much leverage left.

What a bunch of boobs...

Getting at least a little attention overseas. Mind you, I am sure creditors are watching a little closer.

http://www.bbc.co.uk/news/world-us-canada-24343698

Said on the news last night that if it stays down for too long it will affect Canadian pensions and our economy

1 day to go till a 'shutdown AND default' situation.

Get your priority preps before the bank holiday...

Any takers on how many more times this deadline will loom, when finally creditors say 'enough is enough', economically? Between the gov't funding issues (17 previous shutdowns since mid 1990s?) and the debt ceiling, sooner or later people are going to realize the US dollar is toilet paper....

http://www.cbc.ca/m/touch/world/story/1.1870936

14 - 20 years is the estimate I keep hearing about how long the US can keep going like this before they become a Greece and can't pay the interest on there debt.

That being said, the political game of "chicken" between Dems and Reps doesn't help matters much... I don't think they will default on the loan and they will come to a last minute agreement. Listening to the news this morning Congress has an 11% approval rating over the gov't shutdown. The Republicans themselves (whether at fault or not) have a 7% approval rating over the matter.... No one wants to face the fallout of defaulting on there loan....so my hopes are high it will be resolved. But again there is always a chance....

I read this morning that the credit rating company Fitch is looking at reducing the U.S. credit rating status from the current AAA. Hmmm.... Maybe it won't take that long after all, but perhaps a few more years. Less than 10, I'm thinking.

I read this morning that the credit rating company Fitch is looking at reducing the U.S. credit rating status from the current AAA. Hmmm.... Maybe it won't take that long after all, but perhaps a few more years. Less than 10, I'm thinking.

They were downgraded from a AAA over a year ago.

China will always give them money until they own it all.