If the landlord defaults, he no longer owns the property nor the stream of rents.
If the landlord defaults, he no longer owns the property nor the stream of rents.
1. The government "shuts down" because there is no longer authorization from Congress to spend money. The budget/CR is that authorization.
2. Everyone is still paying taxes, meaning money is coming into the Treasury as usual. It just can't be spent.
3. The govt can borrow!!!
1. The government "shuts down" because there is no longer authorization from Congress to spend money. The budget/CR is that authorization.
2. Everyone is still paying taxes, meaning money is coming into the Treasury as usual. It just can't be spent.
3. The govt can borrow!!!