Here's some updates:
Nothing good on my Grandma's eviction, SSA still is closed so I cannot get her benefit verification. The Housing Administrator still refuses to negotiate (I am this close to writing an editorial in the Boston Globe, damn it I don't want to be labelled as that Gay RINO, but if I have no other choice, I would rather choose family )
I am very pissed off, but what got me to write this is not anger, but fear. Republican members in the US House are openly suggesting to not pay our "debts infull", instead paying Interest, or in actuality "PARTIAL INTEREST"
Let me explain some stuff and the Bullshit:
________________________________________________________
Before the fight began in Congress, we had this bombshell in the Press.
There's a problem in Washington right now with spending, I completely agree. There's a problem with the national debt surging at an alarming pace for a non-wartime president. I want to see national debt repaid, capped, and corrected.
Yes there is a problem, but here's the irony, House Republicans from the South and Midwest want to test the theory that a government can be run like a household, if you don't want to pay off your gigantic credit cards, then pay interest or the "Minimum fee".
(Here's a good reason why I wish there were tighter controls on both parties nominated candidates based on eligibility requirements. Pass a financial litmus test before you can vote on how to run a country's budget, jeez)
Seriously, Are these people on Meth?
Fundamentally, you do not choose to prioritize interest payments, unless you are willing to go out of business. Accounting 101: If you have $30 Billion in daily receipts, have obligations of 120 Billion dollars, are 30 days from collection terms worth $300 Billion, and even on interest "MUST" pay 50 Billion dollars in interest alone, How can you pay all the interest?
I do not see how this math works, you have $30 Billion coming in, and Interest of $50-60 Billion. Your interest will outnumber your actual cash to pay, meaning you cannot pay the debt, aka. you will default on some obligations.
House members are thinking, so what's the big deal $20 billion is like chump change to the US, problem is $20 billion dollars represent a leveraged portion of debts valued at a far higher amount. If you cannot pay off that $20 Billion, you interest rates will rise up and basically, "Microwave your economy from the inside out".
A Debt crisis is what every finance person and economist fears. The US debt is held by mostly American Banks and American Funds, especially 401K's that try to avoid risk. If the default occurs, guess what happens, you will have a redemption crisis. The Funds will be the first to have runs, probably starting on the 14th as Americans get scared of risk in US debt. American debt is held mostly in the open market, so trading on debt will be volatile, originally a safe and liquid investment becomes toxic.
In 2008, REIT funds were the toxic debt holders. In 2013, it may be your 401K plan, which is just trying to avoid the volatility of the stock market.
I am not trying to scare people, but I just want everyone to know this fundamental fact. We cannot default or even pay "Partial Interest" as suggested by House Members, who do not "Believe" in Government. It is not about government, it is about an entire way of life that will be gone in days if we allow this to happen.
Anyway, stay safe and to the funny GA members with gold stashes; can I buy a few bars? 
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