not really. OCT 17 is not set in stone. most agree that is not the real day that it will run out, and probably closer to later OCT. Also if you are a large CEO you always air on the side of caution. No one really knows what effect it will have. heard some people today talking about dropping the USD as world reserve currency, however they were unable to come up with a replacement, as the Euro has it’s own problems, and China has pegged the value of their currency to ours...
Also, to be fair, others have made at least good faith efforts in trying to refute some of the hysteria:
and an older link from Forbes that discusses the same issues that are being debated now: http://www.forbes.com/sites/greatspeculations/2012/02/27/debunking-myths-about-debt-default-and-interest-rates/
But I do agree that more reliable information on this is always better. The statist leftists can get away with delusions, distortions and only using convenient facts. We can’t, and there comes a time when we simply have to buck up and deal with this.
though this author may indeed be underestimating just how hellbent the White House is on milking this for all its worth, but this piece is still worth a look anyways.