Armstrong Williams does not understand what “default” means:

I agree; no one wants to default on our debts. But folks, we're in default now. Simply raising the credit limit on your Visa credit card doesn't keep you solvent. It just means you'll have a more difficult time repaying such debts.

Untrue! Being in debt is not the same thing as being in default.

More Armstrong Williams -- just two paragraphs later:

Others, like Rep. Michele Bachmann and Sen. Rand Paul, are steadfast in their refusal to give the Fed any more debt leeway. This begs the question of what, in fact, would happen if we don't raise the ceiling? Contrary to popular belief, the government won't suddenly go into default once the debt ceiling is reached. The fact of the matter is that there is enough cash coming in to pay its commitments for the next several months.

The moral of the story? Armstrong Williams has no idea what he's talking about. He's just tossing around words like “default” and “solvent,” along with a flawed analogy or two, in hopes that people think he does. Pay him no attention.