Pass legislation such that in the event of gridlock in Congress, national debt obligations automatically get paid by raising taxes. After the law, it would require Congress to actually agree on something else -- pass something -- for a result other than the automatic tax increase (substituting spending cuts, or printing money, or actually voting in favor of defaulting).
This would assure investors of government bonds that their investment is safe, ultimately backed by the government's power to raise revenue through taxation.
Currently, even the talk of potential default raises risk and makes investors shy away.
The good thing is, legislation like this could be passed for excellent effect even after a hypothetical August 2 default.
(An idea, but I'm not sure this is good idea. I cannot see the potential consequences.)
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