Beyond a default: Catastrophic calculations

Beyond a default: Catastrophic calculations - The Washington Post

Ezra Klein does a good job in the story above showing how the Federal debt and Treasury Bills are linked to many other things in the economy.

And the story below shows that Gov. Walker and his staff are taking the consequences of default seriously as well. This bit shows that beyond ideology there is understanding of consequences.

Walker Plans Ahead in Case U.S. Fails to Resolve Debt Crisis