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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (65900)	5/2/2008 2:54:05 PM
From: TimF	Read Replies (1) \| Respond to of 90947

Congress can decide to spend $0.00 on national defense too. Exactly my point. Defense spending isn't a debt either. If congress can decide not to pay, and if doing so doesn't violate any actual contract, and doesn't amount to a default on a debt obligation, than your not talking about debt or even something that closely resembles debt. How likely is that? Very unlikely, also very irrelevant. 2 - If you can't kill them at will, the proper answer is still "no". Likely, even near certain (or totally certain for that matter) future spending isn't current debt. Then what is that payment stream paying off? Nothing. Its not paying off anything. Its current spending, like when you go to a restaurant or grocery store and pay cash. If there were no debt, you wouldn't be making it, right? If I had no debt, I would still be spending money.