Bruce Bartlett does a scaredy poo

A must read by Bruce 'The Serious' Bartlett'  says Stan Collender.
The summary here is that we should be afraid of a default. The article quotes the usual banking experts, including Mark Zandi. The article raises the Social Security bugaboo.

Here we have a couple of Republican bankers announcing that they are scaredy poo.

But, I am not afraid. I think a short default raises rates about 3/4 a point for a while, as the article points out. That is what we want, rates normalized. So, take the straightest path to the appropriate rates; default a bit.