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Thoughts on the Debt Ceiling Crisis

Economics · July 31, 2011

If you’ve turned on the tube recently, it’s been dominated by debt debates and dividing NFL dollars (although now everyone should be tuning into Shark Week and/or the last season of Entourage). Appropriately, there are many similarities between the two cash-clashes. If you knew anything about football, you knew there was going to be a season. If you know anything about finance, you know there is going to be a debt deal. Why? Because the world would stop without both. Everything that is being aired on TV is based on “what-if” scenarios.

What if the two sides (players/owners) can’t reach an agreement?

What if the two sides (republicans/democrats) can’t reach an agreement?

Answer to both: chaos ensues.

This is why the NFL was able to reach a labor agreement – this is why Congress will reach an agreement – and this is why your granny can breathe easy knowing her Social Security check will arrive on August 3rd. What if it doesn’t? We’ll never know…at least, not yet.

Filed Under: Economics Tagged With: debt ceiling, finance, football, money, nfl

A Blinkin

Hunter, aka A. Blinkin, is the blogger behind Funancials. His experience in banking, lending, payments and investments has earned him the title of "Personal Finance Guru." In addition to helping people with their finances, Hunter enjoys crunchy tacos, open mouth kisses from his 2 baby boys and writing in third person.

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Hunter, aka A. Blinkin, is the blogger behind Funancials. His experience in banking, lending, payments and investments has earned him the title of "Personal Finance Guru." In addition to helping people with their finances, Hunter enjoys crunchy tacos, open mouth kisses from his 2 baby boys and writing in third person. Read More…

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