If Congress does not vote by Aug. 2 to raise the debt limit, Geithner says the government is likely to default on some of its obligations, which he says would cause enormous economic harm and the suspension of government services, including the disbursal of Social Security funds.**********
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"When you consider the state of the Liberal Party these days, the story of these debts may act as a big disincentive: if these talents spent that much money in a loss, and still have trouble paying it off, why should they be trusted with the finances of a nation?"
