[Bob Ireland]

If McCarthy's deal falls through look for the 'Rats to try the 14th Amendment. They always get what they want - in this case crippling deficit spending.

I suspect that this DEFAULT on the debt is a lie. I think the #1 obligation of the treasury is to service the national debt.

You can do a search for federal mandatory spending and maybe servicing the debt will be mentioned. Cornell Law School sort of states my premise; look at this list of federal mandatory spending and after a wordy discussion of Social Security and Medicare and other various (questionable) mandatory spending obligations, at the very end is a brief paragraph:

Interest on the Debt
Although not officially a part of the mandatory budget, the interest on the national debt is also a mandated expense

So, what am I trying to say? Essentially, paying the mandatory interest on the debt - this year that will be close to a half of a trillion dollars - would mean cutting a myriad of pet projects involving give aways and pay offs without raising the debt ceiling.

I just seriously doubt that the US can default on its debt unless it refuses to obey the law. All this talk of default is just a way to fool the sheep by pulling on the ring in their nose - maybe.

[dfwgator]

And replace him with what? Like it’s going to make any difference.

[little jeremiah]

I am uneducable when it comes to finances especially this kind. I suppose if it was explained as thought to an 8 year old I would get it...

But don’t worry about me understanding. I’m going to bed soon, really wasted, overdid way too much lately and need to stop it.

[rodguy911]

Here's how weaponized govt. goes after their enemies even protecting criminal Joe Manchin who is only part dirty dems these days.

https://thepostmillennial.com/west-virginia-gov-jim-justices-family-sued-by-biden-doj-after-he-announces-run-for-manchins-senate-seat

West Virginia Gov Jim Justice's family sued by Biden DOJ after he announces run for Manchin's Senate seat The DOJ said that the companies have been cited for over 130 violations, "and have failed to pay over $5 million in civil penalties assessed by the Office of Surface Mining Reclamation and Enforcement."

On Tuesday, the Department of Justice filed a lawsuit against the son of West Virginia Governor Jim Justice as well as his son's coal companies, coming just weeks after Justice announced a run for Sen. Joe Manchin’s seat in 2024.

The DOJ sued 13 coal companies that are owned or operated by Jim Justice III, alleging the operations violated their legal obligations under the Surface Mining Control and Reclamation Act of 1977 and "have failed to pay uncontested penalties assessed for their uncontested violations."

........................

Most likely part of the war on coal which is part of the much bigger war on any energy that is not approved by the cabal like solar,wind or blowhard democrats.

[reed13k]

Your correct - when the same issue came up in 2012(?) it was made clear that non-mandatory spending went first. Mandatory spending includes debt service, SSA, and a few other items. They’ll still try to do what they want to do despite what the letter of the law says.

[Chuckster]

Twenty five years ago Watts Wacker predicted that the next generation would decide to "Print the debt out of existence". Like many of his other warnings, this one is coming true right before our eyes.