Personal Finance 
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comments

Comments of the week, debt ceiling edition

Keep the comments coming!One of the best parts of running Bargaineering so far is getting to read all the incisive comments left by readers. Here are a few that stood out on some of the big issues we blogged about this week, including the debt-limit fight going on in Washington, D.C.:


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 Investing 
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comments

How a debt ceiling crisis and U.S. default would annihilate your 401(k)

If you own stocks and the U.S. breaches the debt ceiling, you're gonna have a bad timeIf you’ve been tuning out the dire warnings coming from economists and politicians about a possible debt ceiling crisis, I can’t really blame you. Politicians in particular spend a lot of time stirring up public fear about supposedly imminent but ultimately nonexistent crises in order to push their policy agenda (“the domino theory,” “death panels,” etc.).

But I believe a failure to raise the debt ceiling, and the default of Treasury debt it would trigger, would have real and seriously crappy consequences, particularly for all the people invested in the stock market through their retirement plans.


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