Economic Disaster to Hit the U.S. on August 2nd, if National Debt Limit is not Raised

Do you think for one moment that the American People would blame President Obama for the economic recession that will soon follow on August 2, 2011, if the Congress fails to raise the national debt ceiling in time? The Republican controlled House wants to lower taxes on the rich, and would rather let everyone else face hardship. Ultimately, the U.S. Congress, mainly the Republican Senators in the U.S. House will be ultimately responsible for creating this disaster. These Congressmen get paid big bucks to keep the U.S. Government going, but so far it looks like the U.S. Government is about to shut down. The U.S. Credit Rating is now suffering because Congress has so far failed to pass legislation to increase the national debt limit.
Congress is now playing political suicide. In case people do not know what is about to happen on August 2nd, when the federal debt ceiling is not raised, here are the first 10 problems to occur because of the lack of money.

1st The United States will loose it's top credit rating.

2nd Social Security Checks for most would cease.

3rd Defense contracts go in default ($31.7billion)

4th No more active military pay ($2.9 billion)

5th No more Transportation Dept ($1.3 billion)

6th No more Federal Aviation Administration

7th No more Air Traffic Control System - ALL airplianes will be grounded.

8th No more Department of Justice ($1.4 billion)

9th No more FBI

10th No more money for Federal Tax Refunds

Just a day or two after August 2nd, a true economic recession will hit.

Oh, just in case you didn't know, even if all of the above happens because the U.S. Congress didn't get their job done to help the American People, the Congressmen still get paid. Imagine that. They get paid for not getting the job done. They will get paid even if you don't. Their health insurance never runs out, and they don't even have to pay for it. The American people do, even if Congress fails with their job to protect the American people.