the past. these debt ceiling crisis can have real consequences. let's take a look at what happens in 2011. you can see ton the left of the standard report index of the stock market drops 7% in one day and wipes a trillion dollars off the network of american families and pension funds and other investors. you can see on the right side, they have also been recovering from the financial crisis and dropping all the way back. both of them eventually did come back. they have permanent consequences. the united states lost its aaa rating. still have not gotten it back. this is not a place we want to be. let's turn to a broader subject. how do get all of this debt and why are we sitting here