debasement of semantics
This whole "default" deal is a debasement of simple semantics. All the Politicians, Washington Insiders, and the Media all use the word Default. The say that Default would be epically bad for the U.S. That is true. But also irrelevant and an intentionally distracting masquerade. There is ZERO chance the government will Default on debt if the debt ceiling is not raised Oct 17th. It a moot point. Its like saying that if the sun didn't rise in the morning it would be bad. Well no shiii...! That is completely inapplicable because the sun will rise in the morning.
Default is when you don't pay your credit card bill or home mortgage. A credit line increase denial is not Default. This congress should deny a credit line increase. Keep the debt ceiling at $16Trillion.
The Treasury brings in $250B a month in taxes and interest payments on debt are only $20B a month. How could we default? The reason everyone tows that line is they will use it as cover for when they will inevitably raise the debt ceiling. They will tell their constituents that they had to, there was no other choice, or else the world as we know it would promptly end.