http://www.nytimes.com/2013/10/08/opinion/nocera-why-the-debt-ceiling-matters.html?_r=0

Read this Article and respond to following prompts using facts and information from the article. If there is an OPINION prompt - please support your opinion with facts from the article or other sources.

WRITE IN COMPLETE SENTENCES

1. Who is "rooting" for the debt ceiling to be crossed?
2. Search the web - Who are the - Tea Party - what is their agenda?
3. According to the article - what is one of America's greatest assets and if it fails - what could happen?
4. How is the constitution - NOT supposed to let this type of financial crisis to occur?
5. What are TWO very important points about THE US GOVERNMENT DEBT?
6. What are TWO possible effects of the default on the American Debt?
7. What is "ironic" about the situation?
8. What are TWO ways the Banking System would be affected by allowing the US to default?
9. If the default does happen - Does the American Treasury Dept. have the authority to choose who gets paid? - Who would get paid and who might possibly not get paid?
10. How will all of this effect consumer confidence (DEFINE THIS- use the web) - what could happen?