[quote=FlyerInHi]There will be lawsuits for sure. When some parties are not paid while bondholders are given preferential treatment, they will sue. Maybe the Supreme Court will decide quickly.
But I think the national debt will be paid, so in that regard the tea party is right.
The Tea party will create lots of enemies so it’s probably not wise to go down that path.
Not good for the economy, but very fascinating politics.
What will boehner do if the senate passes a bi partisan bill?[/quote]
If I’m a federal contractor, and I’ve completed my work, why is the money I’m owed not a “public debt”? If a federal worker puts in his two weeks of work and doesn’t collect a pay check, how is that not defaulting on a public debt?
