Page 2 - Dont Default News Today

Just pay bondholders, just pay people who have bought treasury bills, that we really wont be in default because those interest payments will be made. to them what i have to remind them is weve got a lot of other obligations, not just people who pay treasury bills. weve got senior citizens who are counting on their social security check arriving on time. we have veterans who are disabled who are counting on their benefits. we have companies who are doing business for our government and for our mi...

I should have been there. but i can tell you because i had to apologize to the host countries that they understood that the most important thing i can do for them and most important thing i can do for bilateral relationship in americas reputation is making sure we reopen our government and dont default. so i dont think its going to be lasting damage. as i said, if we deal with this the way we should, then you know, folks around the world will attribute this to the usual messy process of american...

Of business. and theres no reason why if, in fact, republicans are serious about wanting to negotiate, wanting to have a conversation, wanting to talk, theres to reason why you have to have that threat looming over the conversations. think about it. the only reason the republicans have held out on negotiations up until the last week or so is because they thought it was a big enough deal they would force unilateral concessions out of democrats and out of me. they said so. they basically said, you...

Ago, markets plunged and business and consumer confidence plunged. and americas credit rating was downgraded for the first time and a decision to actually go through with it, to actually permit default, according to many ceos would be, insane, catastroph catastrophic, chaos, these are more polite words. warren buffett likened to a nuclear bomb, a weapon too horrible to use. it would undermine the worlds confidence in america as the bedrock of the global economy and might permanently increase our...

He said he is willing to talk about some sort of process that can be attached to legislation that he would sign that would get the government back open again as long as its clean and to raise the debt ceiling as long as its clean and they can have those negotiations later. he also said he was open to the possibility of a short-term debt ceiling increase. he hinted at that toward the end of the news conference. that would give both sides some breathing room to negotiate in this side process. the ...

About. that is not something we should be using as leverage. okay. juliana. >> thank you, mr. president. you laid out the economic consequences of the default, but if we were to get to that point, would you prioritize and pay bondholders first to maintain a semblance of credit rather than social security recipients or military servicemen and women? how would you make that determination? >> i am going to continue to be very hopeful that congress does not put us in that position. i think if people...

People who bought treasury bills, that we really wont be in default because those interest payments will be made and to them what i have to remind them is, we have a lot of other obligations, not just people who pay treasury bills. we have senior citizens counting on their social security arriving on time. we have veterans who are disabled who are counting on their benefits. we have companies who are doing business for our government and for our military that have payrolls that they have to meet...

Let them vote to keep the government open or not. and they can determine where they stand and defend that vote to their constituents. and let them vote on whether or not america should pay its bills or not. and if, in fact, some of these folks really believe that its not that big of a deal, they can vote no. thatll be useful information for voters to have. if it fails and we do default, i think voters should know exactly who voted not to pay our bills. so that they can being responsible for the ...

Of october 17th. youve heard members of the house talk about a super committee, another budget super committee that might get both sides together in a room hammering out some kind of agreement that might pull the government away from the brink. we may hear the president ask these questions. were probably also going to get asked -- or hear the president get asked about a debt default in general. its unclear as to what might happen around the country to average americans and their businesses and d...

If congress refuses to raise the debt ceiling. america would not be able to meet our financial obligations for the first time in 225 years. and because it ais called raising the debt ceiling americans think it is raising our debt. it is not. it does not add a dime to our debt. it says you paid for what congress has authorized america to purchase. whether that is the greatest military in the world or veterans benefits, whatever it is, what this does is make sure that we can pay those bits. now th...