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If the debt limit wasn't raised, would there have been a default? Yes or no?

 
Anonymous Coward
User ID: 1465035
United States
08/01/2011 08:11 PM
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If the debt limit wasn't raised, would there have been a default? Yes or no?
If the debt limit wasn't raised, would there have been a default? Yes or no?
Coward, Anonymous
Stop the inanity!

User ID: 1368354
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08/01/2011 08:14 PM

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Re: If the debt limit wasn't raised, would there have been a default? Yes or no?
no.
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Anonymous Coward
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08/01/2011 08:14 PM
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Re: If the debt limit wasn't raised, would there have been a default? Yes or no?
they would raise it no matter what

they will do this again in 2013 and by 2015 we will have 20+ trillion

congress kicked the can to the next congress

GOV has cut nothing more then what amounts to a accounting error for the next two years.
boilerbengal

User ID: 1387276
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08/01/2011 08:20 PM
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Re: If the debt limit wasn't raised, would there have been a default? Yes or no?
no ,, a default is when you dont pay the credit card ( our lenders)

cutting entitlements of any kind ( no-check) is not a default. thats just too bad for grandma and food stamp lady with 15 kids.

the lenders ( banks, forian gov'ts) allways get theirs
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Communists VS. Capitalists





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