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 : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (169151)	8/14/2011 5:14:40 PM
From: Brumar89	Respond to of 544147

If you read what those people are saying, they're not advocating default or saying default is inconsequential. The opposite is the case. Example - Bachmann below is absolutely correct: Rep. Michele Bachmann (R-MN), June 26, 2011: "It isn't true that the government would default on its debt," Bachmann told CBS' Bob Schieffer. "Because, very simply, the Treasury Secretary can pay the interest on the debt first, and then, from there, we have to just prioritize our spending...." The only way not raising the debt ceiling would have led to default is if the administration chose to deliberately default in protest at having to cut other spending.