Originally Posted by AustinChief
Ah, FOR HIM it's dishonest because he works in finance and the term(unless otherwise specified) has this specific meaning. That is why it is particularly onerous coming from him.
There is another issue that makes it dishonest as well... you can't STRETCH the term default to mean "not paying for anything I want to pay for." THat is what he is trying to do. You could possibly stretch it to mean all OBLIGATED payments (also a DEFINED term) but we have enough revenue to cover all of those as well. Social Security is a good example of an obligated payment. On the other hand, paying to keep the FDA running is NOT an obligated payment.
So if he wants to use default to cover all obligated payments (he really should specify that but owell) he would still be wrong.
A technical default is still default.
For those that don't know, there are two types of default. A debt service default and a technical default. Both are considered defaults.