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Done it before, to France. Didn't seem to stop people. Well we didn't really default on the debt. We just refused to pay it back in gold.
Completely different circumstances. Do you really think we could get away with defaulting today, especially with fiat currency?
China doesn't concern me. They knew the sucker bet when they bought all that debt. It's written in our dollar. Even if they called it in, we could print off the money for it. Of course it would have horrible effects, but as I said America is better able to enact recovery.
Why is that important? Do you think that it is okay to destroy the American economy as long as China is taken down as well?