“IF the debt ceiling isn’t raised, the President must take whatever measures are necessary to ensure a default on the Federal debt does not occur.”
But we wouldn’t HAVE to default at all, even without raising the debt ceiling. They’d have to look at actually making some spending cuts while continuing to make our debt payment, as they should. Rand Paul was interviewed about this a few nights ago and he spoke of this. He said the govt. takes in $100 billion per month and our debt interest payment is $10 billion. Well, Duh.
A lot of us believe that the rest of the world would actually view us as a more reliable credit risk if they see we’re at last serious about becoming more frugal and cutting back on previously out of control spending.
BTW, since when has this “president” EVER felt obligated by his (false) vow to uphold the Constitution???