Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lane3 who wrote (9997)	8/3/2011 10:25:32 AM
From: TimF	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. I was too, but it was my own fault, I confused myself, by misreading your post, including the part I quoted, since I misread your comment, my reply made no sense. You can change it to "no it wouldn't". Which would make it OK to assert that not raising the debt ceiling risked default. In the sense that if it wasn't raised, and the executive branch had to choose what to pay, they might want to cover some things that wind up not leaving them enough money to escape default, but I don't think that would have happened, paying debt and contractual obligations probably would have come first.