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Lazy NPR Reporter Can’t Be Bothered to Check Facts

“Under this theory, Social Security recipients, veterans, government employees, contractors and all the rest would get lower priority; though Tiberi says seniors and veterans should get paid first with whatever is left after interest payments.”

“Under this theory?” Oh, yeah, wait, let’s Google the word “default.” The very first result is from Wikipedia:

“In finance, default occurs when a debtor has not met his or her legal obligations according to the debt contract, e.g. has not made a scheduled payment, or has violated a loan covenant (condition) of the debt contract. A default is the failure to pay back a loan. Default may occur if the debtor is either unwilling or unable to pay his or her debt. This can occur with all debt obligations including bonds, mortgages, loans, and promissory notes.”

If Ms. Keith had spent two minutes doing research instead of coming up with creative language to snipe at Republicans, she would not have embarrassed herself, her show, and NPR this way. Ms. Keith hereby wins the award for lazy NPR reporter can[‘t be bothered to check facts. Continue Reading →

The One Trillion Dollar Coin

Default is a failure to make payments on debt obligations when the payment is due. … But … the government has a steady stream of tax revenue arriving every second. It is up to government officials … to decide the uses to which that tax revenue is put. They can choose to not pay the debt obligations but let’s be clear on one thing: default is a choice, not a necessity. Continue Reading →