Says who? Default is a fantastic option. Only those who hold US T-bills and bonds are affected. The dollar goes down on a sell off but its true value depends on how much is printed. So it cannot go below its true value unless they keep printing more dollars which is what they have to do now to meet the spending expenses. Default is the BEST option for us.
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.