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Politics : Actual left/right wing discussion -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (9996)	8/3/2011 9:55:31 AM
From: Lane3	1 Recommendation Read Replies (1) \| Respond to of 10087

Me: When the government does not meet a non-contractual financial obligation, an entitlement, that would be a default no less than not meeting a contractual obligation would be a default. You: Yes it would. Then what have we been arguing about? I'm confused. Originally you took exception to using the word, "default," to describe the failure to pay on anything other than debt service. I argued that the term applied also to the failure to pay other legal financial obligations. You insisted otherwise, expanding from debt service to also include contractual obligations but no further. " Default means not paying debt (or debt service) or contractual obligations." Now it seems you agree with me that it goes beyond debt service and contractual obligations to all legal financial obligations, such as entitlements, just as Webster and I claimed. Which would make it OK to assert that not raising the debt ceiling risked default. What am I missing?