What are your thoughts on this statement of mine?

You don't want to know, but I will say this, if the debt limit isn't increased come August, the U.S. will default for the first time in it's history. This will result in a global depression, the likes of which have never been seen. It will make what's happening in Greece look like a cakewalk. I agree, we are in sorry shape, and we have our greedy, corrupt politicians to thank for it, and the 2 wars that " W " got us into certainly didn't help. We do have to tighten our belts to say the least, and as it stands right now, we may never recover. Raising the debt ceiling will only make things much worse for us at home, but it has to be done. We need to take a long, hard look at the size of government, all the spending, all the foreign aid, taxes, social security, medicare...everything needs to be fixed and we can start by looking for honest politicians, if there is such a thing...you are right, it will be very painful and the pain will last a long time.