Defaluting on our obligations instead of getting the size of government smaller seems like a silly plan if we don't extend the debt ceiling. Are our leaders too stupid to come up with a plan to reduce spending? If someone goes to a banker and tells them if they don't extend their line of credit, they're not going to make their payments they would get tossed out of the loan officers office. Why is it different when the government comes to us wanting more money? A loan officer might tell someone like that to sell their boat instead. I guess our government officials don't want to sell their yacht.