It will never default except for political reasons, there's been a few near misses on debt payment exactly due to that so there's already a material risk it cou

It will never default except for political reasons, there's been a few near misses on debt payment exactly due to that so there's already a material risk it could default even though it doesn't need to. The whole issue is basically that, there's no guarantee the political will to never default currently exists, a classic confidence crisis is brewing.