[Texas Fossil]

"We must not allow a political deadlock to cause the United States to default for the first time in our history,"

Wrong! But you should not expect the Commie misfits to know that, or admit it.

"Fearing (Another) U.S. Debt Default"

http://economix.blogs.nytimes.com/2011/01/04/fearing-another-u-s-debt-default/

[Justa]

You cite the NYT to substantiate that the US previously “defaulted” on its debt? Incredible, because -it is the NYT.

The event they reference occurred in 1933. Contrary to the NYT’s assertion the government did not “default” rather it made bond payments in USD vs. Gold as the bonds were written.

No, I don’t expect commie misfits to know or admit it.

Btw, there will be no default. There will merely be a gov shutdown. A default means not making payments on the national debt and there’s more than enough in monthly revenue to cover that. The 14th amendment says payments on that debt cannot be ignored. They have to make the payments or face the wrath of the courts and the markets.

“The government will default” is pure liberal “SPEND-SPEND-SPEND” hype.