ST Alpha - "writing a bunch of it off as 'bad debt' is not an option? -- nm" (Reading a Post)

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In response to "Just let the Treasury start printing money. What default? What spending cuts to programs? -- nm" by Ice Cold Beer

writing a bunch of it off as 'bad debt' is not an option? -- nm

Posted by peglegpete (aka peglegpete) Jul 30 '11, 21:15

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Responses:

lots of insurance companies will not like that -- nm - Danedukenuuk Jul 30, 22:22
Not without giving investors a very good reason to doubt the full faith and credit of the US. -- nm - TWuG Jul 30, 21:23 2
- and really, is that not the exact same thing as defaulting? "I am not going to pay this" is what both phrases translate to, right? -- nm - Beryllium Jul 30, 21:24 1
  - Yes. The very, very frustrating part of this is that Congress has already spent the money. This is all about whether or not they'll pay the bill now - TWuG Jul 30, 21:32

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