MEET THE PRESS (NBC): Jim Krammer is saying full faith and credit of the US is good during this period [ah, then why is Obama talking about not sending out Social Security checks on August 3rd, Jim? (Answer: Spending too much)]
Cramer is referring to our paying the interest due on our borrowed money, Non payment of the interest due monthly is the only way a default will be initiated
Krammer SLAMMED Obama on scairing the country and foreign markets with shouting the house is on fire.