I'd say the DELIBERATE DRAMA surrounding the tussle is a major tip-off that it is largely CONTRIVED. The never ending prattle about "default" when default isn't even possible unless Obama CHOOSES it (in which case it was possible all along as at any point Obama could have REFUSED to pay bond obligations) is the big tip off.
Now, I do see some possibility that one of the rating agencies which aided and abetted the last big heist (the housing Bubble) will feel under pressure to put on a show this time and issue a downgrade in US debt, which would roil markets and cause an interest rate hike for US debt holders. But that is coming anyway and if the agencies were doing a serious job they would have taken that step a long, long, long time ago ... right after the Plaza Accord period as the US debt quickly grew to the point where no one could seriously expect it to ever be repaid.
WHEN BAD NEWS IS RAISED TO DRAMA YOU HAVE MAJOR EVIDENCE YOU ARE BEING CONNED...AGAIN. CONVERSELY, WHEN BAD NEWS IS BEING DENIED -- SUCH AS THE YEARS THROUGH WHICH THE POWERS THAT BE KEPT DOWNPLAYING OR DISMISSING REAL ESTATE, DERIVATIVES, AND DEBT RISK -- YOU HAVE *MAJOR* EVIDENCE THAT THE RISK IS REAL AND YOU ARE, ONCE AGAIN, BEING CONNED.
But, hey, De! Congrats on another great call! That was no con! Man you are making me look bad! :->
I have come to realize that men are not born to be free. Liberty is a need felt by a small class of people whom nature has endowed with nobler minds than the mass of men. -Napoleon
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