Obama tells the truth?
Tax receipts are overwhelmingly sufficient to pay debt service.
Unless Obama thinks he can treat U.S. bondholders the same way he treated those of GM.
Boehner would be POTUS within 3 days if that happened, which is another problem, but slightly better than the one we have now.
These satire posts are not funny and getting old. Please just stop.
They are going to order the CBO to specifically not pay out for the bonds?
Did I hear him say they wouldn’t cut back on NON-ESSENTIAL programs?
“They say that maxing out our borrowing just means that we will have to cut spending somewhere, that we could continue to service our debt while we make cuts elsewhere,” Lew recounted. “What they are forgetting is that the decision on whether to default or cut other spending is in our hands, not theirs.”
well, take that and chew on it, Congress
to Obama and his true believer legion, you are as useless as tits on a trout
federal statutes concerning repayment of the debt are meaningless
Lew and barry will have the money ass $2 Trillion in federal tax collections continue to roll in, “they” will just choose not to use it (about 10% of it) to pay our debt
That should be in every commercial during the next election.
They are taking credit for the default.
And they are admitting that it wasn't necessary.
Given that everything the Obama Administration touches turns to sh*t, it’s just as well.
God forbid, the American people be allowed to keep a little bit of what’s theirs.
Well we wouldn’t want them to default on their promise to default, would we???
Republicans underestimate the incompetence of this regime, they won't be able to avoid default
And that’s the satirical truth of the matter. Tx John