US Default Looms - What Would Default Look Like

US Default Looms! So, what would default look like if the congressional team can't come to some kind of resolution? With the government shut down and worries spreading across the United States about the future, word about the US going into default, we need to understand exactly what that means and why it can be very damaging to our economic standing in the world.

If the debt ceiling isn't raised, which the GOP leader and President said isn't an option, the country will surely dip into this unsure territory. But what is the real issue that caused the government shutdown and how can it be corrected?

The only way to correct the problem within the government is to draft and approve a working budget for the country, period. The shutdown is not because of Democrats or Republicans or Obamacare, it's because the country has no budget to go by that is approved by the President, the Senate, and Congress. Bob Corker PolitiFact.com said in a 9-22-12 The Truth-O-Meter Says article, "For fiscal year 2003, the Senate, under Democratic control in 2002, failed to pass a budget resolution of any kind. For fiscal years 1999, 2005 and 2007, the House and the Senate failed to reconcile their different bills and pass a compromise measure. In these latter three cases, the Republicans were in the majority in both chambers of Congress."

This statement alone says it's not a political party problem because both Democrats and Republicans can't seem to come up with a good budget. The clear problem is that the United States simply has too much debt and they have lost control of their ability to manage it.

So, what would default look like? Why can't the US seem to balance it's budget?

Read the article What Would Default Look Like from Yahoo news to get a good idea about what will transpire if the Government falls into default.

Health Care Treated Like Car Insurance?

There's talk on the street that the ever popular health care is going to be treated like car insurance by some United States firms. What exactly does that mean?

What are they going to do, raise your rates if you get sick or hurt just like car insurance companies do when you get in an accident?

Not exactly. But health care providers don't generally reward its premium holders with cheaper rates when they remain healthy. Should they?

Read more on how "Some U.S. Firms Start to Treat Health Insurance Like Car Insurance on Fox Business News.

One Shot Deal to Get Bin Laden

This is a great article with lots of details on the attack that took down Bin Laden. Too bad we can't trust Pakistan with a mission such as this, especially when we rely on that area for the push toward thwarting all terrorism. Bravo Zulu to the SEALs!

Navy SEALs Knew Bin Laden Mission Was One-Shot Deal

Retirees Hit By US Debt Limit

Well, the US finally met it's debt limit today and guess where they are going to borrow the money from to hold it over? You guessed it. The Federal Pension Funds. Another smooth financial move to make matters worse for the country.

Read the story below:

US to Hit Debt Limit, Will Dip into Pension Funds - CNBC

Mother Gives Botox to 8 Year Old Daughter!

This story is a little creepy. If your 8 year old daughter came up to you and said "I want Botox injections" out of the blue, what would you do? I would love to hear your comments on this post.

Watch the story on Yahoo news

By the way, does anyone know what botox is? Botox is actually a poison or toxin that is created by certain bacteria during food poisoning (botulism).

Here's another good reason not to administer Botox to a child without a doctors advice or knowledge:

"To date, at least sixteen deaths have been attributed to the use of botulism therapy, four of them in children. One of the problems uncovered is that the dosage per unit of various botulism products varies widely; a less-than-alert practitioner could easily administer a fatal dose when using an alternate product. At least one death has been recorded due to systemic botulism from a severe overdose of injected toxin." Read more about children and the dangers of Botox with children.

Stop Looking for Others to Blame! Donald Trump Feeling the Love!

People are blaming Donald Trump for their ill investments. Just because a developer used his name (paid him to use his brand), doesn't fault Trump in the deal. Apparently, the deal went bad and some of the projects didn't complete. Many people lost millions of dollars. They are trying to blame Trump for "misleading" them into buying into the brand because of his name. True, they bought into the brand, but they need to be suing the developers for failing to complete the project.

The only reason Donald Trump pulled his name off of the projects (even after he was paid) was because he saw them failing and as a smart invester, got out while he was ahead.

People who lose need to stop looking for others to blame when it's their own sound judgement that got them into the predicament in the first place.

Read the artcle from CNBC below:

The Deceptive Practices of Donald Trump - CNBC