Defaulting Government With a Side of Economic Collapse

As much reading as I do, it's never enough and news aggregators, like The Oil Drum, often turn up some tasty nuggets. Trolling through the 'net before getting some 'rack' (did I tell you how much I like Avatar?) led me to the Drum and this little tidbit. I remember seeing the headline and just bypassing it. Boy what a mistake that was!

The government's debt ceiling has to be raised