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Old 10-16-2013, 01:44 PM   #93
KC native KC native is offline
a toda madre o un desmadre
 
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Join Date: Feb 2009
Location: Fort Worth, TX
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Quote:
Originally Posted by AustinChief View Post
Complete and utter bullshit and you should know better. In this context when talking about "default", the term means a US DEBT DEFAULT and you know it.

YOU are the one trying to take what is a clearly defined term and stretch it to cover your agenda.

Seriously, **** you for pulling that bullshit. That's dishonest as hell.
Ok, I forgot you worked IT at a small bank once and are an expert in finance. I'm not the only person that says this.

If you default on any of your obligations, you are in default. Prioritizing payments, skipping payments, delaying payments, or reducing payments for any of your obligations puts you in default. The government can't pick and choose what it's going to pay to avoid default. Again, your narrow definition of default doesn't reflect the reality of the situation. Default is default is default. Narrowing it to debt doesn't alter the fact that the Treasury would have to skip other obligations to make payments on our debt. That is a technical default.
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Quote:
Originally Posted by Iowanian View Post
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