The government's going to go into default regardless, it doesn't matter who's in charge, and I really don't think there's anything that can be done to stop it at all. That said, as it relates to this conversation, economic default doesn't really have anything to do with efficiency, not directly anyway.
Discussion
Sure it does. cutting costs and spending (and yes they have to go together) slows the growth of the debt and holds off default. I just want people to have as much time as possible to prepare.