Comments on: Treasury will always be able to make its debt payments http://blogs.reuters.com/felix-salmon/2011/07/27/treasury-will-always-be-able-to-make-its-debt-payments/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: traduceri daneza romana http://blogs.reuters.com/felix-salmon/2011/07/27/treasury-will-always-be-able-to-make-its-debt-payments/comment-page-1/#comment-53681 Mon, 29 Sep 2014 14:03:09 +0000 http://blogs.reuters.com/felix-salmon/?p=9136#comment-53681 I will be able to determine whether your nice solenoid is certainly faulty. You think this can be a good indication?All the creator device is certainly: Onan Microlite 1000 model4KY FA26100J S/N: F990 934964You did a person tremendously project involving trying to explain to us all kinds of things you should know relating to this freezer or fridge. Could not now have expected a lot more.

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By: Gordon2352 http://blogs.reuters.com/felix-salmon/2011/07/27/treasury-will-always-be-able-to-make-its-debt-payments/comment-page-1/#comment-29034 Thu, 28 Jul 2011 14:10:21 +0000 http://blogs.reuters.com/felix-salmon/?p=9136#comment-29034 By the way, Social Security has been legally defined as “property” by the Supreme Court in Mathews v. Eldridge, 424 U.S. 319, and hence a legal debt obligation to the US government.

Failure to do so would deprive Social Security recipients of their “property” without “Due Process,” which is a direct violation of the US Constitution.

Are you including Social Security in that calculation?

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By: Gordon2352 http://blogs.reuters.com/felix-salmon/2011/07/27/treasury-will-always-be-able-to-make-its-debt-payments/comment-page-1/#comment-29033 Thu, 28 Jul 2011 13:58:54 +0000 http://blogs.reuters.com/felix-salmon/?p=9136#comment-29033 Your headline is disingenuous to say the least. You left our one very important word: “bond.”

Unfortunately, that is not the only kind of “debt” the US is obligated to pay.

Also, I’m not sure the US creditors would necessarily agree that treasury bond debt takes precedence over their debt.

Now, if your are talking about debt taking precedence over government salaries and benefits, resulting in mass layoffs of government employees, I can buy your argument.

Nice try, but your story gets a failing mark for your lesson in journalism today, and that is because it lacks “truth.”

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By: Thorvald http://blogs.reuters.com/felix-salmon/2011/07/27/treasury-will-always-be-able-to-make-its-debt-payments/comment-page-1/#comment-29019 Wed, 27 Jul 2011 19:13:52 +0000 http://blogs.reuters.com/felix-salmon/?p=9136#comment-29019 “So, Treasury makes the interest payments but does not have enough money to pay for other goods and services, which is exactly what the Tea Party has been arguing.”

– Huh? Well, yeah — that’s what a deficit implies. Not exactly a Tea Party discovery.

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By: VinnyCatalano http://blogs.reuters.com/felix-salmon/2011/07/27/treasury-will-always-be-able-to-make-its-debt-payments/comment-page-1/#comment-29018 Wed, 27 Jul 2011 18:57:04 +0000 http://blogs.reuters.com/felix-salmon/?p=9136#comment-29018 So, Treasury makes the interest payments but does not have enough money to pay for other goods and services, which is exactly what the Tea Party has been arguing.

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By: ErnieD http://blogs.reuters.com/felix-salmon/2011/07/27/treasury-will-always-be-able-to-make-its-debt-payments/comment-page-1/#comment-29016 Wed, 27 Jul 2011 17:56:56 +0000 http://blogs.reuters.com/felix-salmon/?p=9136#comment-29016 TurboTax Timmy is probably making a list of who is naughty (Republicans) and nice (Democrats), checking it twice, and preparing for which line items in their districts will not be paid and which will be.

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By: xuinkrbin http://blogs.reuters.com/felix-salmon/2011/07/27/treasury-will-always-be-able-to-make-its-debt-payments/comment-page-1/#comment-29015 Wed, 27 Jul 2011 16:03:45 +0000 http://blogs.reuters.com/felix-salmon/?p=9136#comment-29015 Unfortunately, a.soffronow, a failure to miss any payments will lead to a downgrade of confidence in the ability of the US to pay its legal obligations (not just debt payments), which would be quite damaging to the US economy.

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By: xuinkrbin http://blogs.reuters.com/felix-salmon/2011/07/27/treasury-will-always-be-able-to-make-its-debt-payments/comment-page-1/#comment-29014 Wed, 27 Jul 2011 15:59:00 +0000 http://blogs.reuters.com/felix-salmon/?p=9136#comment-29014 I agree, KenG_CA. Article 2, section 3, clause 4, requires the President “shall take Care that the Laws be faithfully executed”. Between the debt ceiling and the spending bill, the spending bill passed in the spring came later, suggesting a sort of override of pre-existing laws to the contrary. I believe, instead of halting spending, the President is in fact *obligated* to direct the Treasury to keep borrowing for this reason.

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By: a.soffronow http://blogs.reuters.com/felix-salmon/2011/07/27/treasury-will-always-be-able-to-make-its-debt-payments/comment-page-1/#comment-29013 Wed, 27 Jul 2011 15:56:43 +0000 http://blogs.reuters.com/felix-salmon/?p=9136#comment-29013 Finally some sanity on this issue. I’ve been rolling my eyes at pols and commentators saying the U.S. will default if the debt ceiling isn’t raised, when in fact there is absolutely no chance of that happening.

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By: KenG_CA http://blogs.reuters.com/felix-salmon/2011/07/27/treasury-will-always-be-able-to-make-its-debt-payments/comment-page-1/#comment-29012 Wed, 27 Jul 2011 15:47:00 +0000 http://blogs.reuters.com/felix-salmon/?p=9136#comment-29012 In the absence of a deal to increase the debt ceiling, the president can direct the treasury dept to continue to honor all of its debts, regardless of the laws. It’s his obligation to make sure the government does not default. I’m sure there are those who will disagree, but that doesn’t mean the president can’t do what he wants, it only means those people can sue the government for not abiding by the part of the constitution that they believe strips him of this power. Then that lawsuit can work its way through the courts. If they don’t fast track that case, it could be well after the next election before a decision is handed down from the Supreme Court.

Because Congress has authorized all of the spending and all of the tax cuts, the president is obligated, as chief executive, to ensure that the government pays its bills. Congress is obligated to pass a law enabling him to do so. There is no reason why there has to be additional legislation attached to the debt ceiling mod.

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