It was previously assumed the debt of the US Government was the safest debt on earth because an economy as successful as the USA would never default. But constant showdowns over the debt ceiling now raise the real possibility that it could happen.
Out or in?
Mike Hearn

Debt ceiling is about taking on more debt. It is not related to repayment of existing debt. So it is hard to see correlation between raising or not raising debt ceiling and possibility of default.

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