An insane ploy has been laid out by the radical Tea Party to stop the Health Reform (Obamacare) from taking affect this year. They have officially shut down parts of the Government and have just recently announced, that the Government default can be mitigated.

I am not an economist, but I can, through my limited knowledge of Macroeconomics, deduce that the loss of "trust" in our Government's ability to "pay its bills" can have severe, if not catastrophic, fallout on our economical tranquility and progress.

But, I do want to confirm, and also take a much more insightful look at the process and outcome(s) of the Government's default. Any academic work that covers specified topic would be of a great help. Also feedback would be much appreciated.