Does the Get Obama Party care? No. They think the worse things get the better their chances in the next election. A Bloomberg analyst predicted over two weeks ago a doomsday bank run if the GOP kept playing politics with the national debt, as the assurance of FDIC insurance will evaporate.  A rush for cash and the selling of stocks, bonds, and even gold and silver. Banks will no longer be backed by the full faith and credit of the FDIC either if the government cannot borrow. We have seen the selling of stocks, now Treasury debt is dumped, next it could be lines of depositors at your local bank wanting their money out now:

Over the last week, big banks and companies have withdrawn $37.5 billion from money market funds that invest in Treasury debt and other ultra-safe securities, the biggest weekly drop this year. Meanwhile, in the vast market for repurchase agreements, in which many financial firms make short-term loans to one another, borrowers are beginning to demand higher yields.

These moves underscore how companies and big financial institutions are beginning to rethink their traditional view that notes issued by the United States Treasury are indistinguishable from cash.....