Default Line

AITOOW doesn't understand why we have to default on the interest due payments to bond holders if we don't raise the debt ceiling? Why not pay those bills first and then default on non-creditors like government workers or social programs. Isn't that what California did? And where else are investors going to be able to find these levels of debt to invest in other than the US? So France and England become more credit worthy. They can't satisfy the demand. Therefore, you don't even have to raise the risk premium. Just two more reasons NOT to raise the debt ceiling.