a few questions regarding default
1. What will be the effects of default on those holding T-bills and savings bonds if default occurs?
2. Why would it be more "acceptable" for the government to say, "Oops, we spent too much and can't make our payments this month," than for a family to call up the mortgage holder and say, "We're really sorry, but we spent too much money and can't pay the mortgage this month"? Apparently a number of Congressmen/women think it is more acceptable, or this situation would not be occurring.