Obama and the Treasury will not ignore debt payments. Yes, they would divert funds from other recipients. Why? Because if they missed debt payments the interest rate would SKYROCKET likely to 20% or more as indicative of their willingness to repay bond debts. And those rates would kill all the pork feeding troughs of Fed Gov Gimmedats buy-some-votes programs these politicians live on.
They’re bluffing on both the funding and debt ceiling. Answer this. Which party and its constituents is most dependent upon government spending and handouts? There ya go. They will cave. Otherwise they have nothing to offer their constituents.
All they have are lies and debt left to offer. Time to cut them off.
What you say is logical and rational... if Obama is logical and rational, and wouldn’t instead prefer to assert control directly because of civil disorder. I don’t know what’s in his mind, but it is hard for me to put anything past him.
“And those rates would kill all the pork feeding troughs of Fed Gov Gimmedats buy-some-votes programs these politicians live on.”
Failing to raise the debt ceiling means an instant balanced budget if they don’t default, instant balanced budget if they do default. That’s why the left is squealing so loudly over raising the debt ceiling.