Originally Posted by Cleudus
noun: default; plural noun: defaults
failure to fulfill an obligation, esp. to repay a loan or appear in a court of law.
"it will have to restructure its debts to avoid default"
synonyms: nonpayment, failure to pay, bad debt...
Yeah bro, its all about the interest payment.
Protip: The deficit is created from Expenses - Revenue. The deficit was positive, meaning the US doesn't have "more than enough revenure to make all OBLIGATED PAYMENTS." Meaning they have to borrow, in other words raise the debt ceiling.
How brainwashed are you son?
I'm going to have to guess that you are either functionally retarded (so sorry for you) or a child. I find it hard to believe that an even somewhat educated adult would be this ignorant.
You don't know what the term default means in this context and you obviously don't know what obligated payments are. These are terms with clear definitions that apply to the discussion. Educate yourself then come back.. or better yet don't come back but please please please educate yourself before you embarrass yourself any further.