Sloan Sabbith Debunks Debt Ceiling Impacts

Two days until the government defaults on its debts!  (More on this very soon).  In 2011, we were in a very similar situation - discussing whether or not to raise the debt ceiling (granted, in 2011 the government hadn't shut down).  Wikipedia's article breaks 2011's situation down pretty smoothly in their article "US Debt-Ceiling Crisis of 2011."

Luckily, we had enough sense in us to raise the debt ceiling and NOT default.  And they say history repeats itself... We'll keep our fingers crossed.

HBO's show The Newsroom features an episode concerned with this very default scare.  Sloan Sabbith (Olivia Munn), The Newsroom's savvy economist, debunks debt ceiling impacts in this short clip from the show: