View Single Post
Old 10-16-2013, 06:53 PM   #140
KC native KC native is offline
a toda madre o un desmadre
 
KC native's Avatar
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $8218
Quote:
Originally Posted by AustinChief View Post
Holy crap. You are clueless. Ok let's do this "for dummies"

Imagine the treasury as a big pool of money that different depts/entities/etc simply dip into for outlays. (This is a lot closer to reality then the idea that the treasury "cuts checks") Now with the govt "shutdown" many of those entities took much smaller dips into the pool of money right? Let's say you EXPAND the shutdown to be closer to a true shutdown where the FDA, FBI, CIA, Food Stamps, Medicaid(not Medicare), Dept of Education, etc are actually shutdown. If you "shutdown" enough of them (or enough parts of them) they no longer DIP into the treasury pool and you have plenty of revenue left for debt service and Social Security and all our OBLIGATIONS. If you are claiming to do so would be a default then you MUST claim that what we have already done with the shutdown is a default.
Still tilting at windmills I see and engaging in ridiculous hypotheticals.

The fact of the matter is that without a deal, the Treasury runs out of money in a week to two weeks. Any slotting, prioritizing, delaying, reducing of any obligations (debt or otherwise) is a technical default. The Treasury is paying bills as normal right now so we aren't in default. No amount of hand wringing, semantics, or whatever else you want to call what you're doing changes any of that.
__________________
The diameter of your knowledge is the circumference of your actions. Ras Kass

Quote:
Originally Posted by Iowanian View Post
I'm just a little pussy from Iowa
Posts: 17,665
KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.KC native wants to die in a aids tree fire.
  Reply With Quote