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       Editor and prime reporter is Doug Terry, a veteran television and radio reporter in   Washington, DC, (details below)

Congress Continues Debate Over Whether Or Not Nation Should Be Economically Ruined

 July 20, 2011 |ISSUE 4729

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WASHINGTON Members of the U.S. Congress reported Wednesday they were continuing to carefully debate the issue of whether or not they should allow the country to descend into a roiling economic  meltdown of historically dire proportions. "It is a question that, I think, is worthy of serious consideration: Should we take steps to avoid a crippling, decades-long depression that would lead to disastrous consequences on a worldwide scale? Or should we not do that?" asked  House Majority Leader Eric Cantor (R-VA), adding that arguments could be made for both sides, and that the debate over ensuring America’s financial solvency versus allowing the nation to default on its  debt, which would torpedo stock markets, cause mortgage and interests  rates to skyrocket, and decimate the value of the U.S. dollar is “certainly a conversation worth having. "Obviously, we don't want to rush to consensus on whether it is or isn't a good idea to save the American economy and all our respective livelihoods from certain peril until we've examined this thorny dilemma from every angle. And if we’re  still discussing this matter on Aug. 2, well, then, so be it.” At press  time, President Obama said he personally believed the country should not be economically ruined.

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