[Deathstar 80]

So you think Greece and the US have the same standing globally in the full confidence in our respected economic systems?

Not at all. The US obviously has a much bigger economy than Greece, and investors would obviously have more confidence in the US than Greece. But what I'm saying is that just because we have a big economy doesn't mean that the rules of economics doesn't work on us.

Again, all I'm saying is that we've borrowed money in the past and we now have to pay for that. I'm also saying that the Federal Reserve is buying our bonds, which is devaluing our currency.

And I want to make it clear that I'm not sure what would happen if we didn't raise the national debt ceiling, but I've shown you a video where US Treasury Secretary Timothy Geithner clearly said that it would have "catastrophic economic consequences".