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re: What Actually Happens Oct. 17th
Posted on 10/8/13 at 2:18 pm to 90proofprofessional
Posted on 10/8/13 at 2:18 pm to 90proofprofessional
quote:
Anyone know anything about the significance of this fact in detail? Seems absurd that we have no way to prioritize principal/interest above all else.
You have to submit checks/payments to a vast array of government agencies to pay salaries. You would have to send checks/payments to large amount of hospitals, doctors, citizens, etc. to pay medical entitlements. All you have to do is send a book entry wire to banks to pay Treasury payments. It's just operationally a lot easier than dealing with the first two.
1
Posted on 10/8/13 at 2:53 pm to BennyAndTheInkJets
My hope is that the GOP stands its ground and refuses to raise the debt ceiling. Balancing the budget and prioritization of spending is something long overdue.
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