> So, you're saying we're at a default risk not a debt crisis.
No, I'm saying that debt crisis is equivalent to default risk, and that the only significant way in which we are in either (the two being the same) has nothing to do with economic or fiscal fundamentals -- the resources to service the debt are readily available -- and solely to do with the present political shenanigans.
No, I'm saying that debt crisis is equivalent to default risk, and that the only significant way in which we are in either (the two being the same) has nothing to do with economic or fiscal fundamentals -- the resources to service the debt are readily available -- and solely to do with the present political shenanigans.