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View Diary: Obama condemns 'Republican default tax' in weekly address (66 comments)

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  •  I'm still confused (0+ / 0-)

    No one is talking about defaulting on T-bills. T-bills will not be defaulted in any circumstance.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Sat Oct 12, 2013 at 08:26:57 AM PDT

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    •  I'll make it simple. (0+ / 0-)

      Your house is burning down, and you're marveling at the fact that the fireproof mailbox on the front porch is surviving the blaze just fine.

      Now your job is to read what will happen to T-bills and all other US financial instruments if and when a default occurs.

      Of course you could also just keep your head where it is and hum "God Bless America" until the default-caused depression deprives you of your job, your home, and even the ability to feed yourself.  Be sure and take your Ayn Rand books with you to keep you busy when you finally find a place to live under some bridge.

      I'm not sixty-three—I'm fifty-thirteen!

      by Pragmatus on Sat Oct 12, 2013 at 08:35:59 AM PDT

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      •  What do you mean by "default" (0+ / 0-)

        "Default" means "not paying T bills".

        Any other use of the word is extremely (deliberately?) confusing.

        (-5.50,-6.67): Left Libertarian
        Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

        by Sparhawk on Sat Oct 12, 2013 at 08:47:04 AM PDT

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