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Old 10-16-2013, 09:08 PM   #150
AustinChief AustinChief is offline
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Quote:
Originally Posted by Race Card native View Post
The Treasury does not have the money to continue to pay all of it's obligations after November 1st. It has not reduced, restructured, or delayed any payments that are currently due.
Agreed. (assuming no further cuts happen in time)

Quote:
Originally Posted by Race Card native View Post
Despite our government being "shutdown" there are still people working for the government earning money and being paid. There are invoices and bills coming due for previous periods that are being paid. None of those obligations have been missed yet.
Also true. Though I already stipulated that the shutdown would have to be extended NOW to avoid more bills being due on the 1st. we all agree that you can't just "shut down" on the 31st and expect to have money available magically on the 1st. But again these decision are all on the executive.

Quote:
Originally Posted by Race Card native View Post
Having people work less so you owe them less wages right now does not constitute a technical default. The Treasury has no obligation to pay people for work they aren't doing (not a labor attorney so I could be technically wrong here). Regardless of that, the government has promised to pay those people for the time they've been off once the shutdown is lifted. So until the government has missed a payment for the wages they have said they will eventually pay them, it isn't a technical default.
True. But why is it a technical default if they just FIRE all of them thereby not having to pay them?

Quote:
Originally Posted by Race Card native View Post
I really don't understand why you're so dug in on your "points". You've taken a ridiculous stance and now feel the need to engage in ridiculous semantic games to justify your stance.

You haven't served anyone here and are just making yourself look like an ass to anyone that doesn't share your ridiculously stupid stance.
It isn't a question of semantics or an absurd argument. YOU made a ridiculous claim that it would be a technical default NO MATTER WHAT. That there was NO WAY to avoid a technical default. You have been proven to be dead wrong. It's fear mongering blanket crap like that that I aim to disprove.

Just admit it, you were wrong. Just like Cosmo (who also won't man up) won't admit he was wrong about the S&P downgrade causing a jump in interest rates.
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