They will not negotiate on the debt ceiling. The river of hell that Speaker Pelosi spoke is real, imv. It's time to plan for this disaster and all the possible outcomes including a financial collapse.
The dangerous ignoramuses in the House have ratcheted up the hate of the ACA to such a degree that it CANNOT be implemented else they look like complete fools and lose the House in 2014. Today, they claim that Obama, the Dems, the unions, and the American people don't want the ACA. They are claiming that it has cost millions of jobs. They are claiming that premiums are going up 80 to 100 percent. Lying their asses off at every interview. They are past the event horizon. There is no going back.
So, how do we prepare? I have a very modest 401K. I don't want to lose a lifetime of savings due to the traitors in congress. Should I cash out my 401 (pay the taxes, no penalties thankfully) and pay off my mortgage while the 401k has value?
Should I cash in my 401K and put the cash in a government backed savings account? The best case scenario is that the market crashes, temporarily. But what if I lose it all? What if a panic triggers a run on the banks? We don't know what will happen. It will be unpredictable. It will be quick. It will be traumatic.
Again, watch these ignoramuses on TV today. They can't allow the ACA to work. It MUST FAIL. And the only way they can insure that is to crash it all and then blame Obama and the ACA. That's their goal, anyway.
What are some ways to prepare for the suicide attack that is ahead? I am disabled, I can't work. I can't start over.
And to the media. How long ARE YOU going to go along with this charade? When we end up living in tent cities? Your 401k is at risk, too.