THE MOTU WEIGH IN ON THE DEBT CEILING DEBATE

They don't want the GOP to kill the American and the world's economy.

470 Business Leaders Urge Congress, White House to Act on Debt
By Damian Paletta
July 12, 2011, 11:24 AM ET
WALL STREET JOURNAL

Nearly 500 of the country’s top business leaders, including the chief executives of Alcoa Inc., Bayer Corp., Caterpillar Inc,. Citigroup Inc., Cisco Systems, Inc., DuPont, International Paper Co., Koch Enterprises Inc., and Procter & Gamble Co., urged the White House and congressional leaders to reach a compromise that raises the debt ceiling and tackles the country’s deficit problems to avoid a financial crisis.

“A default would risk both disarray in those markets and a host of unintended consequences. The debt ceiling trigger does offer a needed catalyst for serious negotiations on budget discipline but avoiding even a technical default is essential. This is a risk our country must not take.”