DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Obama-Boehner talks collapse, House Republicans say

**TobaccoNUE** · 07-26-2011, 10:33 PM

That's what seems upside down. Keep ladeling on vast amounts of new debt, no problem. Cap it, and they sky is falling.

I don't get how this is a "default" event, if they can plainly keep paying the interest on the outstanding debt or even roll it over. If you want to argue the point of taking out new debt to fund gov't operations, that's a different subject.

Oh God ... Sure, just pay off the interest of the debt and everything will be hunky dory.

Say that over and over and over while the credit rating of the US gets bumped down a notch or two.

07-26-2011, 10:33 PM	#16
TobaccoNUE Join Date Oct 2005 Posts 514 Senior Member	That's what seems upside down. Keep ladeling on vast amounts of new debt, no problem. Cap it, and they sky is falling. I don't get how this is a "default" event, if they can plainly keep paying the interest on the outstanding debt or even roll it over. If you want to argue the point of taking out new debt to fund gov't operations, that's a different subject. Oh God ... Sure, just pay off the interest of the debt and everything will be hunky dory. Say that over and over and over while the credit rating of the US gets bumped down a notch or two.
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