Actually - do you have any idea how insane this comment sounds when coming from a citizen of country that is going to be bankrupt NEXT WEEK.
The fact of the matter is, the USA will definitely NOT be defaulting on its existing debts on August 2. This is true regardless of whether or not the politicians manage to come up with a compromise plan to raise the debt ceiling.
On August 2, if no compromise is reached, the regularly scheduled finance payments will be paid on time. And in the background, the federal public service will shut down and all non-essential federal employees will be locked out. THEIR salaries won't be paid, and THAT's where the money will come from to pay the outstanding finance charges. We've already seen this happen very recently, on a somewhat smaller scale, in Michigan.
The people in charge know that the repercussions of shutting down the federal public service would, on balance, be nowhere near as bad as the consequences of failure to meet their regularly scheduled debt financing charges.
Of course, neither side of the debate wants to bear the political responsibility for a federal public service shutdown either -- at least, not so suddenly or on such a large scale. And so, some compromise will be reached which will allow the feds to borrow a little more money for the short term to keep their current debt and labor obligations in order, with the expectation that they'll be able to get their books back in the black more gradually, over the long term.