Always interesting to speculate about what would happen.
A default in the traditional sense probably won't happen this October but one day in our lifetime they are going to have to come up with a way to finance the 126 trillion unfunded liabilities:
http://www.usdebtclock.org/
One way to do that - without defaulting in a legal sense - is to work the printing press and call it stimulation or monetary easing. Nah, Quantitative easing! That's a nice term.
A default in the traditional sense probably won't happen this October but one day in our lifetime they are going to have to come up with a way to finance the 126 trillion unfunded liabilities: http://www.usdebtclock.org/
One way to do that - without defaulting in a legal sense - is to work the printing press and call it stimulation or monetary easing. Nah, Quantitative easing! That's a nice term.