Default Chicken

The GOP and their Tea Party wing especially are coming across as nothing more than an egotistical destructive bunch of bullies.

I look forward to their political demise.

Reuters: Markets to hold U.S. feet to fire as default threatens

A slide in the bond market could trigger a wave of selling elsewhere, too, with stocks, money market mutual funds and higher risk assets elsewhere in the world all vulnerable as deepening problems in the U.S. would threaten to damage the global economy.