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Politics : Mainstream Politics and Economics
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Brumar89
To: Brumar89 who wrote (54057)10/2/2013 2:24:51 PM
From: TimF1 Recommendation   of 85487
 
There won't be a default unless Obama wants it.

I agree. Not only because he's a player in whether or not there is a debt limit increase, but also because a lack of debt limit increase doesn't equal a default (since tax income comes in well above the cost to above debt servicing costs), unless a default is chosen or debt servicing is not well managed.

Obama also seems to try to conflate the shutdown with the debt limit issue, but they aren't the same. (In fact the "shutdown" lessens current spending, and thus should extend the point where the government can get by without raising the debt limit.)
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