Investment Analyst:
It's clear that Washington needs to take action regarding the debt ceiling in the short term, but also address our longer-term deficit and debt issues. Amidst all the negative headlines and "what if" scenarios, it's normal to be concerned. But remember, emotions shouldn't drive your investment decisions. We don't recommend making any changes to your portfolio based on the small chance that Congress fails to act. While we don't know exactly what will happen, Congress has raised the debt ceiling every year for the past 10 years, and we don't think this time will be any different.
Leading line from online news source:
AP - Horror stories are flying about the damage that might be wreaked should Congress and President Barack Obama fail to cut a deal by the Aug. 2 deadline to increase America's borrowing limit. Nearly every American is in harm's way, either directly or indirectly.
All they do is stir the pot and get everybody fired up and angry at each other. I do believe the last line of that statement - that every American is in harm's way. But the media is the one causing the harm.
And yes I am 100% in favor of free speech and the 1st amendment. It is just a shame that the majority of people in that industry choose to exercise those rights in such an irresponsible way.
