If a bondholder misses a payment for a day or two or three or four — what is more important is you are putting the government in a materially better position to better pay its bills going forward.

Paul Ryan being serious and courageous and, yet again, showing just how absolutely determined the GOP is at all levels, extreme far right or merely far right, to have a default on the debt of the United States. Why, we’ll barely notice it’s even happened.
It’s the only way they see getting the White House in 2012. It’s been the plan all along. They assume Obama will get the “egg on his face” and they’re probably right. Once in control it’s goodbye filibuster (assuming the Democrats lose the Senate), goodbye social safety net, and hello freedom is just as free as what of it you can afford to buy. After that, when the money’s gone: kindly go die in the streets.
But hey, taxes will be pretty low. On the already rich, anyway.