Re:Yield of 0% a First at 3-Month Treasury-Bill Sale
by masterleep on Tuesday October 06, 2015 @11:57PM
(#10344119)
If it was necessary in the short term to meet debt service payments, then I would agree with you, but it is not.
Preventing the government from increasing its total quantity of debt when such is necessary in the short-term to meet debt service payments is, absolutely, creating default.
It may be motivated by desire to avoid a speculative potential future default on a larger debt, but its still a default now.