Financial experts warn that the consequences of a U.S. default on its financial obligations are huge, from higher interest rates on car loans and credit cards to dramatic cuts in government programs that affect every aspect of American life.
House Speaker John Boehner believes that, as do most Congressional Republicans, but there are some Tea Party-aligned Republicans who disagree, despite all of the information presented to them.
You can include Florida Governor Rick Scott on that list. This was the Governor on Wednesday morning on CNN and his take on the issue:
This article appears in Jul 28 – Aug 3, 2011.