1) The House Republicans will get their wish to have a technical default on the debt.
2) The value of your 401K will fall by 20 to 35%.
3) The "Job Creators" will keep their money while shrinking payrolls increase the unemployment rate to around 12.8% over the next year.
4) The housing market will re-freeze as home values drop another 20%.
5) Those on Social Security and military retirees will see their disbursements drop by 15% as their health fees are increased by an additional 35%.
6) About a quarter of those dollars that you paid into Social Security (they stopped sending out statements this year, so dig out your last one) will disappear over the next 5 years into a privatization programs.
7) The middle class will contract by 18% over those five years.
8) The wealth of "Job Creators" will grow, but not as quickly as the last 10 years.
9) State and local taxes will increase as local government bond rates are reset upwards.
10) Another $2 trillion will be added to the debt by increased interest over the next three years due to the default.
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