[Deathstar 80]

I just wanted to tell you guys that I've recently found two videos you might be interested in watching. Here are the videos:

http://www.bloomberg.com/video/65706090/

^For this video, it involves Secretary of the Treasury Timothy Geithner warning that if the national debt ceiling isn't increased, it could cause our country to default on its debt.

http://www.bloomberg.com/video/67190794/

^For this video, I would like to point out what Federal Reserve Bank Chairman Ben Bernanke says at the 2:17 minute mark where he mentions that the growing U.S. budget deficit threatens to slow growth and warns against defaulting on government debt.

Could you guys check one more source? If you're able to, please read an article called, “That Budget ‘Battle’? Only a Skirmish”. You can find this article in The New York Times from Monday, March 21, 2011. It's on page A16. I encourage you to carefully read the second to last paragraph, where Ben Bernanke mentions that our country could default from our own debt. I can't exactly remember what he said about it, though. I'll have to go read about it again.

By the way, can anyone explain to me what it means if we default on our debt? I've been researching about this for awhile now. I thought I knew, but I'm honestly not sure what to think. Could someone help me with this?