Replies to post #103243 on Intel Corp (INTC)

[Elmer Phud]

Windsock, please leave partisan politics out of this. This is a question of how the government works, regardless of which party is in power.

given that the amount of funds is on August 2 immediately less than the amount of money needed to pay the government, which bills will you NOT pay?

That's not the question and it's not the point you criticized. The question was about Government default on US Securities, at least that was the point I was making. The US Securities obligations could be paid first, so there need be, and there would be no Government default on US Securities. That was my statement. Something else would have to go, I agree. Exactly which bills go unpaid is up to the Secretary of the Treasury. This time he's a Democratic appointee but the same dynamics would apply if he were a Republican.