They won't "default" - the priority will be to pay on the paper, then pay defense, then whatever is left will go to SS, medicare, etc with shit getting cut after. As long as the outstanding paper is < 100% of GDP there won't be a default.
+1 (Btw, wonder if I could get one of the record number limos the Odumba admin has passed out like candy? )
Correct me if I'm wrong, but I believe it was a Nat Geographic show that pointed out if Yellowstone blows, we're all dead. I think that was the same show that pointed out that the ozone layer would be completely descimated, making the growth of plants impossible, our skin would burn just walking outside, and CO2 levels would be lethal.:eek: I didn't watch the entire show. I had it on in the background as I was running equity scans, so hope I'm not talking out of school.
================== May be different for T Bills if you are rich[over $250k]; under $250,ooo, that means according to some in Chicago , not richLOL Most are not socialist/anti capitalist[see last elections], but ABC,NBC,CBS shamlessly premote that garbage Love America, Argentina, Areintina people,Love that Argentina hunting, bless those hearts; No way Senior, is Argentina as America is. Wall Street Journal said years ago, one problem with Argentina is the people want to retire @55....................................................................................... Both are power players in[A] ag, silver.............................