Actual left/right wing discussion Message Board

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Politics : Actual left/right wing discussion

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To: TimF who wrote (10011)	8/5/2011 10:01:45 AM
From: Lane3	1 Recommendation Read Replies (1) of 10087

I still think that this discussion has been about terminology rather than substance. If you stop paying entitlement benefits without benefit of legislation to amend or terminate an entitlement program, what do you call it if not default? De facto benefit program termination? Extra-legislative entitlement cessation? Financial exhaustion program stoppage? its not because of the possibility of late payments on transfer programs, It was only yesterday that you introduced the notion of delayed payments. I did not notice it right away. Where did that come from? I agree that late payments do not constitute default. Throughout this discussion when I have spoken of not meeting or reneging on financial obligations or failure to pay, I meant failing to pay, not failing to pay on time. I don't see how failure to pay is not default. That's definitional. As for the substance, I don't see how any entity that exhibits such bad faith, even though the bad faith was not regarding a debt instrument, deserves a AAA credit rating.

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