Here's a great website to see exactly how the August expenditures go up against the US Gov's revenue if the debt ceiling isn't raised. Don't believe the President's and news media (including Fox News) hype about it. There is no reason to default even with no increase in the debt limit. Not raising the debt limit doesn't mean there will be a default. It just means President Obama and the Fed Gov won't be able to spend money on pet projects. There will be no problem paying SS, Medicare, Medicaid, defense and military expenditures. Click the link below to see for yourself. Please send this around, this needs to get out.