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Old 10-15-2013, 04:14 PM   #16
AustinChief AustinChief is offline
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Join Date: Aug 2000
Location: Austin
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Quote:
Originally Posted by Cleudus View Post
I find laughable that you believe that this is all just interest payments on our treasury bills.
I like to laugh at facts too!

A default IS when we don't pay interest or maturity on T bills. You can think it is something else but that doesn't change what the term means in this context.
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