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Politics : Mainstream Politics and Economics

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To: RMF who wrote (55068)10/10/2013 9:41:25 PM
From: TimF  Read Replies (1) of 85487
 
Hey, you know not defaulting doesn't just involve making interest payments...

Yes you also have to roll over the principle. But doing so doesn't mean borrowing more. As for cash on hand, the income is enough if some of it is held for that purpose (rather than being spent as it normally would be).
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