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New Milford, Connecticut, USA

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Barton House, The   (circa 1850's)
34 East Street
New Milford, CT 06776
860-354-3535
website

Close to many shops, restaurants, historic buildings and churches, the Barton House's tastefully decorated guest rooms include private baths, antique furnishings, TVs, fresh cut flowers and air conditioning. An elegant breakfast is served in the formal dining room or, weather permitting, on the fieldstone terrace overlooking the property's park-like setting.

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Thanakrit
RE: Who is legally due what. Please cite the reaevlnt laws. Since the dawn of civilization the workman has been due his wages, the vendor has been due payment for his goods, and entitlements are paid under laws you must be familiar with. All government spending is authorized by law. I don't mind a quick trip to the dictionary, but I am not sorting through 60 years of congressional bills to prove that which should be intuitively obvious to the casual observer. Dreading analogies: You are at a meeting providing box lunches. You get one, but the last 10 people in line do not. Did you steal theirs? Two problems here. First, this question would be analogous to asking if Geithner paid the bondholders, then would the bondholders be stealing the funds that were shorted to others. No one is making this argument, so that when I agree that I am not stealing anyone's lunch, it has no bearing on our actual discussion.Second, if we were to take the extra step of converting your question to the more analogous question of whether the sponsors of the lunch were stealing from the last 10 people in line, we lack the information/assumptions to make this determination. Were the people enticed to the meeting with the promise of boxed lunches? Did they pay for boxed lunches? Was the answer to one of the prior questions yes , compounded by the fact that the sponsors knew in advance that they did not have enough lunches? Given another yes, did the sponsors neglect to make an effort to provide lunches for the last 10 people in line? If so, then yes, the sponsors were stealing. Imagine if Geithner, who has a history of admitting to not doing his job, Irrelevant. fails to placate the bond market, who believe that the USG will default on bond payments. Existing bondolders see the value of their investments plunge. A personal bummer for many, kind of like happened with homeowners. Equality anyone? The market for US debt dries up. Interest rates go up, the cost of re-fi goes up, interest rates on future bonds go up, and there is even less money for SS, defense, medicaire, medicaid, etc. Here is the crux of your argument. You are very fearful about this admittedly bad outcome, and will do anything to avoid it. But if investors see that the USA won't pay all of its obligations, the credit suffers anyway and all the above still happens. I've mentioned this before. You alluded to this yourself in post 108 where you claim that rates are going up because of current slow pay to the military. How long do you think one can retain any standing in the market with the argument that sure, I'm a deadbeat, but I'll always pay you? If you don't keep your obligations, people will recognize that you don't keep your obligations, no matter how badly you wish otherwise.Fortunately, a plurality of the Republicans who are playing you recognize this too. You will soon see Senator Boner recreate the Cleavon Little hostage taking scene from Blazing Saddles. The Tea party will hope he shoots. The stupid/corrupt Democratic party will give him something, and he will back down. Then Reps and Dems will go home with a victory. Rate this comment: 0 0
Thanakrit at at 05:10AM, 2012/11/04.

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