This month, David Gritz and Michael Waitze spoke about the US Debt Crisis.

Some of the details we considered important:

• While some doomsday scenarios suggest dire consequences if a deal is not reached, we analyzed the actual statistics and related government obligations
• Even if the government has a shortfall in tax receipts, it can easily cover interest payments on existing debt, even if the ceiling is not raised
• Historical precedent has shown that even if governments do default, the consequences are short term
• Markets and credit rating agencies are forward-looking and are not currently predicting downgrades or default
• We predict some potential outcomes!