Thank you for the heads-up. That's important news. I just now passed the quote, link and attribution about Hammond's revelation to this thread.
Are Canadians really North Americans?(I don't think so!)
http://www.freerepublic.com/focus/f-backroom/2285804/posts
...quite a bit of anger overseas about the cuts.
And yes. The way government employees and appointees are hanging on, defaults will probably happen sooner or later. Revenues must come from production--not only treasury presses.
This posting is interesting, Canada way back in the 1990’s cut back 47,000 civil servants - very hard to believe.