Needless to say, I lost the argument about the default behavior (what got assigned to Cmd-Z for out of the box installation) with the introduction of History feature.
New clients in particular are easily swayed by the argument that muni bond default rates have been historically low, so they are a safe place to park your money until the economy fully recovers, and earn a decent return.
He acknowledged that a government default would be "catastrophic, " but said the argument was based on a "false premise, " because the U.S. can cut spending and reduce the deficit.