CNN CNN Newsroom October 16, 2013 13:17:00
>> most of them don't know how to do math. look, here's the problem. the treasury does have visibility over bond holders of u.s. debt, they're going to get paid on time. what they don't have advivisibi over is the ongoing day-to-day payables so they'd have to prioritize and end up paying certain mandatory payments, discretionary payments and the sad thing is we would end up paying more penalties and interest because the paymeof th payment act. the senate will pass it and the house will ultimately pass what the senate does. it may not happen by the so-called deadline but i think it will happen ...
Source: archive.org