- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: What Actually Happens Oct. 17th
Posted on 10/8/13 at 3:27 pm to SpidermanTUba
Posted on 10/8/13 at 3:27 pm to SpidermanTUba
quote:
The Treasury makes 80 million payments a month, and did not design its system with prioritization in mind, and it lacks the authority to go and delete pending payments from the system without Congress telling it to. That means NSF.
As indicated above, the operational ease to pay debt payments versus all the other payments creates a pseudo-prioritization simply from it being the lowest hanging fruit and easiest to handle. It's going to suck for whoever is working the payment systems at the Treasury to manually handle all of this, that is a given, but debt servicing will be the least of that poor bastard's headaches.
1
Posted on 10/8/13 at 4:36 pm to BennyAndTheInkJets
quote:
It's going to suck for whoever is working the payment systems at the Treasury to manually handle all of this, that is a given, but debt servicing will be the least of that poor bastard's headaches.
I don't think it can be manually handled. That would be like asking the Census bureau to do its job without a computer. Its just not possible.
Do you realize how many checks that is? 80 million. ONE is late and investors go ape-shite.
This post was edited on 10/8/13 at 4:37 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News