After the Debt-Ceiling Breach: What Day 1 in Default America Might Look Like - The Atlantic
"The consequences of an immediate 40 percent cut to government services would be dire. Practically all federal employees would suddenly see their paychecks go to zero. Some days, the government would get enough money to pay Social Security checks and Medicaid providers. Other days it wouldn't. Our defense budget would collapse. It would be pandemonium."
