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Old 10-16-2013, 11:12 AM   #68
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Join Date: Feb 2009
Location: Fort Worth, TX
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Quote:
Originally Posted by AustinChief View Post
Dude you have already proven to us that you don't have a clue what a DEFAULT means. No need to drive the point home.
No, a default occurs when the country either announces an intent to delay, skip, reduce, or alter any payments that they are going to make.

You narrowing default to our debt only doesn't change the reality that any prioritization or skipping any payments for the government is a default.

Also, the Treasury has enough money to go anywhere from a week past tomorrow until the end of the month.

Every conference call that I've been on last week and this week, have been pointing out how big a deal this is and what constitutes default and how long the Treasury can continue to pay.
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Originally Posted by Iowanian View Post
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