The Administration, along with the Democratic Leadership in Congress, are not concerned with the U.S. defaulting on its financial obligations although that is what they would have the public believe. It's all a "marketing" ploy to position themselves as the "saviors" of the U.S. credit rating when in reality it isn't the possible default that bothers them; it is the cap on their uncontrolled spending. What they want is equivalent to "I can't be out of money, I still have checks!"
I wonder if they realize that there are no bankruptcy laws that apply to the country. If it goes bankrupt they can't just file a few documents that stiff their creditors. When you consider who owns the debt, bankruptcy would likely mean war. You can't fight a war without lots of money. Sounds like a no-win situation to me. I wonder sometimes if they understand how the real world works....oh yeah, work is something others do so that the government can take the fruit of their labor and give to those who don't. Never mind......
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