For those who believe default is a "Republican" threat

Prioritizing payment obligations, making some but not making others, IS default, and that is precisely how the finance sector is viewing the matter.

 

Scat, you've misjudged ogarbitrage. He is supporting the gentleman in the video, not condemning him. You might want to unignore him, as he's a stand up guy.

Your choice, of course.

 

The Finance sector only views it default if obligations on debt are not addressed. If the government cannot pay food stamps, it's not default to the Financial universe.

 

Can you point out the section(s) stating as much in any CDS-related material or S&P/Moody's documents?

 

De facto vs. de jure. We are being examined (again), and the short-term bond market has already reacted, neither of which would happen if we could not truly default.

 

That doesn't look like a section. Support your assertion with something other than ad hominem.

 

Of course the short term bond market reacted. No one wants to buy a 4 week bill if it's going to be maturing in a shutdown period, at least not at "no risk" rates. Rates increased to cover the risk. That's the whole idea behind the market.

This has nothing to do with "default".

 

Where's the ad hominem in what I wrote?

 

Please forum search "El Matador" on this political forum. You will see how hard it is to nail Ricter down to specifics, much less get him to back up his "assertions".

 

I'll answer your question if you answer mine.