Will the US default on October 17th 2013?

[Lief 🗽]

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/10/07/if-we-hit-the-debt-ceiling-can-obama-choose-which-bills-to-pay-2/

Prioritizing debt payments is probably impossible, and even if it weren't, the markets would still treat it as a default anyway (plus the decline in government spending will cause a Depression).

[Lief 🗽]

"This gun we're holding to your head isn't even that dangerous! Come on, stop complaining. Or else we'll shoot."

"And if you do end up getting shot in the head, we're telling the police that Obama pulled the trigger. And the police might be dumb enough to believe us."

[Lief 🗽]

http://www.nationalreview.com/corner/360815/costa-gop-moving-direction-short-term-solution-nro-staff

Robert Costa on MSNBC says the Republican leadership is moving towards a short-term (six week) debt ceiling extension, as they're becoming genuinely concerned they'll be blamed for a default.