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A comment on Just the Facts: S&P's $2 Trillion Mistake. Parent comment

Re:Just the Facts: S&P's $2 Trillion Mistake by jancona on Sunday August 07, 2011 @12:36PM (#2856982)
The US did not come within one day of defaulting. It came within a day of hitting the debt ceiling, which is a very different thing. Despite the way it was portrayed, the government could have limped along for days our weeks without defaulting.

(I'm not saying that would have been a good thing--just that the idea of August 2nd as the day default would have occurred is incorrect.)

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Re:Just the Facts: S&P's $2 Trillion Mistake by j_baker on Sunday August 07, 2011 @01:29PM (#2857134)
We hit the debt ceiling back in May. We've managed to stay afloat due to some accounting tricks at the Treasury.

http://www.washingtontimes.com/news/2011/may/16/federal-gove...

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