Default And You

Long story short - most of us will be much poorer. Everything will cost more, borrowing will be even tougher, and our alleged safety net will have a hole in it the size of the one in the Tea Party's head - huge.

CS Monitor: Five ways US default would hit your pocketbook

1. Devalued dollar
2. Higher interest rates
3. Bigger recession threat
4. Higher taxes and bigger spending cuts
5. Loss of global status