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Old 10-16-2013, 01:50 PM   #96
AustinChief AustinChief is offline
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Quote:
Originally Posted by Race Card native View Post
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.
You have a DEBT default which is what all these conversations have been about and you have a much broader "technical" default which is a default on OBLIGATED PAYMENTS. So you are on the right track with this post... but you ignore the fact that we have enough revenue to avoid even a TECHNICAL default.

Last I checked, keeping the ATF running is NOT an obligated payment.

You are trying to expand default past debt default which is fine (if you specify) but you can't just expand it to include "shit I think we should pay for cuz I want it!"
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