Will we start defaulting on October 17 if John Boehner does shoot the hostage? Maybe. Some very smart people figured out that date, but these guys are not gods. They just took current expense rates and extrapolated it forward. However, things happen. Maybe hurricane Karen hits Louisiana this week a little harder than expected, or the San Andreas fault drops a big surprise on LA. Maybe some terrorist yokels get lucky at an inconvenient time. The point is, bills get passed or renewed on a schedule. The government has its funding authorized or it shuts down on a schedule. When it comes to our spending authority, something unexpected happens and we will default with John Boehner still holding his jock. Or am I missing something?
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