The only way the US could ‘default’ on its debt is if Obama ordered it so. But in doing so, he would be in violation of the 14th amendment. The House should have impeachment drawn up just in case he tries. Yes, it is that serious.
We do not ‘run out of money’ on Oct 17. Revenue will continue to flow at the rate of $250B/mo. The $30B/mo debt will be serviced from that amount.
Bfl