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Re:Yield of 0% a First at 3-Month Treasury-Bill Sale by dragonwriter on Tuesday October 06, 2015 @07:54PM (#10343251)
> Preventing the government from going into additional debt is approximately the opposite of a default.

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.

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.