Intel Corp (INTC)

[Elmer Phud]

It is pretty apparent that a default is simply media generated hysteria which is not supported by the facts. Both parties agree that there are ample resources to pay the US debt obligations in the absence of a raise in the debt ceiling. Same goes with SS payments. Other areas would suffer, that's for sure but there is no risk of a default unless the administration should choose to not pay debt obligations, which I can see no reason why they would decide to do that. . So why does the media continue to promote the default hysteria? My guess is that it gets attention which is the main objective of the media.