Have a Plan in Place, Just in Case

Tension is running high in Washington as members of Congress and President Obama continue to play what I can only describe as a high-stakes game of chicken. Who will blink? At this point, I'm hoping someone will. The question is: Who, and what will it mean? If neither side does, and if the U.S. defaults, the results could be painful -- a drop in the stock market, rising interest rates and a shot to the country's credibility. The ripple effect of all this will do far more damage than the government shutdown has done.

But let's step back from all the doom-and-gloom imaginings. Yes, a default will make things difficult for many -- but, as we found out with the sequester, life will go on. Consumers will continue to brush their teeth, wash their hair and consume food and water. They'll continue using energy, whether to heat their home or to get to work. People will continue to connect with others via Facebook (FB) and other means, be it via a smartphone or a tablet. I suspect we will also continue to buy those guilty pleasures en masse -- alcohol, tobacco, coffee and sweets -- that give us a boost when we're down....368 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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