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View Diary: Boehner: I'll Destroy The American Economy If I Don't Get My Way (111 comments)

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  •  Not making some payments on a timely basis (0+ / 0-)

    isn't default unless it is on government bonds. Interest and principle on government debt must be made on a timely basis or the US would be in default. Being late on a payment to Lockheed isn't default. Large vendors will be willing to wait and will negotiate some fee for late payment.

    "let's talk about that"

    by VClib on Fri Dec 14, 2012 at 09:46:49 AM PST

    [ Parent ]

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