Default is not an acceptable option for retired folks like me who depend on making ends meet with help from stock mutual funds. A default will cause a significant decline in our financial resource.
The blame lies with the congress of past and present having spent the money. We as a nation can not go back on spending laws passed so far. What we need to do instead is help elect more fiscal conservatives to congress and take the WH. That will put the horse where it belongs, ahead of the cart.
Is this your savings or do you rely on the mutual funds constantly going up? If the former, it has nothing to do with mutual funds. You could simply move to gold and protect your savings.
Hyperinflation will really make a dent in your savings!