Is the US in Denial Over Its Debt?

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With the deadline quickly approaching for Congress to make a decision on whether or not to raise the debt ceiling, President Obama warned that failing to come to a negotiation could significantly impact the nation's economy and investors' confidence in the United States. Beyond that, some experts say Congress's slowness in developing a plan to face the debt crisis may be symbolic of something more—namely that America is in denial over the gravity of its debt problem. 

Justin Webb, host of BBC Today, is one of those experts. Webb says that in the wake of economic collapse, Americans have become more deluded about what the federal government pays for and need to reevaluate how independent they want to be from the government.