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View Diary: More on Section 4 of the 14th Amendment and the debt ceiling (45 comments)

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  •  You don't get to a default (1+ / 0-)
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    cynndara

    before going through significant pain in other segments. Shutting down the government, ending Social Security checks, etc.

    Politically, that would create so much pressure on the party that is causing the bottleneck, I sincerely doubt you would ever get to the point of a default on treasuries.

    Point of trivia: did you realize the U.S. already did default on treasuries through inadvertence once?

    http://www.mentalfloss.com/...

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