Original: It's impacts are going to be significant.

Edit: Its impacts are going to be significant.

Original: For history, August 2nd, 2011 could end up marking the end of the American Era. Sadly, it will not have been inevitable, it will have been entirely self-inflicted and it may now be irreversible. Even if an agreement is reached tomorrow I suspect the world will increasingly be unwilling to entrust the role of global financial system caretaker to the United States. The world has lost faith in America. And why not. Its Congress has demonstrated that it can no longer be trusted with the responsibility of global financial management. Indeed, even it's closest allies have had their confidence shaken.

Edit: For history, August 2nd, 2011 could end up marking the end of the American Era. Sadly, it will not have been inevitable, it will have been entirely self-inflicted and it may now be irreversible. Even if an agreement is reached tomorrow I suspect the world will increasingly be unwilling to entrust the role of global financial system caretaker to the United States. The world has lost faith in America. And why not. Its Congress has demonstrated that it can no longer be trusted with the responsibility of global financial management. Indeed, even its closest allies have had their confidence shaken.

Original: It's impacts are going to be significant.

Edit: Its impacts are going to be significant.

Original: It's impacts are going to be significant.

Edit: Its impacts are going to be significant.

Original: Indeed this is where the OpenMeida/CIPPIC document left me confused.

Edit: Indeed this is where the OpenMedia/CIPPIC document left me confused.

Original: What matters is not the cable, but the it's cross section.

Edit: What matters is not the cable, but its cross section.

Original: so that you can display some have some independent

Edit: so that you can display some independent

Original: to be in Government and, the opportunity to be in Cabinet.

Edit: to be in government and the opportunity to be in cabinet.