So the United States did manage to legislate an increase in their debt ceiling.  It’s kind of interesting how the United States’ credit rating got downgraded anyway and the stock markets are still in a freefall (although there was a bit of a recovery Friday afternoon).  What would have happened if the government didn’t manage to raise the debt ceiling?  It’s kind of interesting that the reason that Standard & Poor’s gave for cutting the U.S. credit rating is because of concerns over budget deficits, saying that the plan recently passed doesn’t go far enough (makes you wonder, are Tea Partiers in charge at S&P?)  If the debt ceiling didn’t get raised, would they happy that debts weren’t going to increase?