On the recordFebruary 28, 2011
The market knows the difference between delaying a payment to the guys who cut the grass on the Mall, and failure to make a bond payment.
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congress.govPat Toomey: “The market knows the difference between delaying a payment to the guys who cut the grass on the Mall, and failure to…”
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Toomey highlights the market's understanding of payment delays versus bond defaults.
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