Many graduates, moving often in the first years of their post-college life, simply forget to update their addresses with Harvard, and so bills go unanswered and uncollected. This is called a 'technical default.' — David Fahrenthold Copy Share Image
There is a difference between strategic or technical default and default where you really don't have the economy to support the spending. We are not at that point yet. We could be. We could be, like some European nations. — Charles Bass Copy Share Image
