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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (54057)	10/2/2013 2:24:51 PM
From: TimF	1 Recommendation Recommended By Brumar89 Respond to of 85487

There won't be a default unless Obama wants it. I agree. Not only because he's a player in whether or not there is a debt limit increase, but also because a lack of debt limit increase doesn't equal a default (since tax income comes in well above the cost to above debt servicing costs), unless a default is chosen or debt servicing is not well managed. Obama also seems to try to conflate the shutdown with the debt limit issue, but they aren't the same. (In fact the "shutdown" lessens current spending, and thus should extend the point where the government can get by without raising the debt limit.)