NO AGREEMENT ON DEBT CEILING IN THE USA.

* J. A. Morasan *

"WASHINGTON, UNITED STATES (14/JUL/2011) .- For the fourth consecutive day the president of the United States, Barack Obama tried to avoid the failure of negotiations remain in limbo, to prevent the country from being suspended payments on 2 August.

In the midst of intensive talks against the clock in the Democrat president maintains a hard pulse with GOP leaders who resist to the end of the tax breaks that have benefited for nearly a decade, the richest, the president of the Federal reserve, Ben Bernanke, warned: "America faces the threat of financial calamity in a monumental event that there is no agreement and fall into bankruptcy." (Informador.com.mx)

"I am looking for a way to increase the debt ceiling, we must, but first we must address the root causes of this debt," was justified on Sunday, Sen. Lindsey Graham told CNN.
It is worth recalling the origin and cause of the explosive increase in debt

Evolution of external debt from 2003

Year	External Debt	Percent Change	President
2003	$862.000.000.000		George W. Bush 01/20/2001
2004	$1.400.000.000.000	62,41 %
2005	$1.400.000.000.000	0,00 %	REPUBLICANO
2006	$8.837.000.000.000	531,21 %
2007	$10.040.000.000.000	13,61 %
2008	$12.250.000.000.000	22,01 %	George W. Bush 01/20/2009
2009	$13.640.000.000.000	11,35 %	Barack Obama 01/20/2009
2010	$13.450.000.000.000	-1,39 %
2011	$13.980.000.000.000	3,94 %	DEMOCRATA

Source: CIA World Factbook.

Given the intransigent positions of congressional Republicans, the question arises: why did not assume the same attitude opposite to the irresponsibility and waste of President Bush, who finished with a surplus that President Clinton let, and increased the foreign debt of U.S. $ 862.000 million to U.S. $ 14,392,451 million = (566.33%), to finance their wars and cut taxes for the wealthy.

What happens if the U.S. fails to fulfill its payment commitments?

Easy: would be a good example for the rest of the world.

* J. A. Morasan, Bachelor in International Relations, author of the book: “Neither neoliberalism nor more death, 'just revolution."