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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (613589)	5/29/2011 1:54:08 PM
From: TimF	Read Replies (1) of 1578871

"The US government has no contractual obligation" Sure it does. Nice out of context quote. Sure the US government has contractual obligations. Its also true that The US government has no contractual obligations, and no legal debt owed under the entitlement programs. It also has things like SSI, Medicare, military pay and other budgeted promises. Which are not contractual obligations. As for your other comments, I've said multiple times that I don't think we should keep the current debt limit. The spending cut (and an actual cut this time, not just a reduction in spending growth that gets called a cut) would be far to large for such a quick cut. Large transitions should be done over time, not immediately unless its absolutely necessary. I'm just pointing out that none of these cuts would amount to a default.

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