Playing Chicken on Paying Government Bond Interest

Open Email to House Speaker Boehner:

Dear Speaker Boehner,
    The Washington Times says Congress spent the weekend insisting that it will reach a deal to raise the federal government’s borrowing limit by Thursday but making scant progress even as all sides tried to reassure itchy financial markets ahead of the stock market opening Monday.
    If you have actually been part of the "promise" to make a deal raising the federal government's borrowing limit, I strongly disagree with your decision.
    As you well know, it is not necessary to raise the debt limit in order to avoid a US government default on paying its bond interests, and that is the only significant thing relating to world financial markets. There is little doubt that markets would be slightly troubled without raising the debt limit, because it would be an indication of a reversion to a more stable world economic market, as opposed to one souped-up by the introduction of tremendous amounts of arbitrary government spending. However, that condition of frugality must eventually exist either now or and in the future, because basic economics say that it is impossible to continue in a deficit situation and increasing the debt limit is not a permanent solution.
    From a political point of view, it is Pres. Obama who would be responsible for any default on payment of government bond interest. Adequate funds are available, and it would only be a matter of prioritizing how that money is spent. Simply stated, do we want to pay out billions of dollars in ridiculous research grants to universities and support of unknown political parties in the Middle East, or do we want to pay our bond interest?
    As I have said to you previously, Pres. Obama is playing chicken. Do you really believe that he will not pay interest on government bonds if you do not raise the debt limit, I sincerely doubt it. It would be contrary to his egotistical desire to go down in history as the Savior of the world.