It’s not worth much at all, actually. It begins with the premise that we are on the precipice of a ‘default’ on our national debt loan (i.e., making the interest payment).
We are nowhere near that at all even with a complete budget stall. The US takes in nearly $250B in tax revenues each month...this is more than 10 times than what is needed to service the interest on the debt ($220B/year).
What this shutdown does, however is force Obama into a position to where he would have to prioritize the spending for what is left, but not total chaos like that described in this missive.
I don’t put any stock in this alarmist propaganda at all.
You make good points. No way we would default with a rational President in charge. But what about an irrational President?
Gaffer, I was going to pen what you did in this excellent post. Yours was so concise and straight ahead, I “borrowed” much of it, added some of my own kind words about obozo and have sent it out to all my lists and am plastering it all over Facebook.
Good work!
MUST READ: DEBT CEILING A DEMOCRAT RUSE
The debt ceiling propaganda is a radical ruse by obozo and his minions to try to force the Pubbies into a cave in on obozocare and push America that much further into the Marxist hellhole obozo promised his ignorant supporters in 2008!
Raising the debt ceiling WITHOUT reigning in SPENDING and telling those “non-essential” bureaucrats to get REAL jobs (if they can find them) is a recipe for the further destruction of what remains of America.
If he takes us into default, it will be because HE made the decision to do so.
FACT: We are nowhere near that even with a complete budget stall. The US takes in nearly $250 BILLION in tax revenues each month. This is more than 10 times what is needed to service the interest on the debt ($220BILLION/year).
What this shutdown does, however, is force Obama into a position where he would have to prioritize the spending for what is left. It would NOT be the total chaos being pushed by the Dems and their lapdog media.
If you want your country back, ignore these phony scare tactics.
PLEASE SHARE THIS WITH EVERYONE YOU KNOW. Don’t bother with the obozombies. They wouldn’t recognize a fact if it bit them on the ass.
“It’s not worth much at all, actually. It begins with the premise that we are on the precipice of a ‘default’ on our national debt loan (i.e., making the interest payment).
We are nowhere near that at all even with a complete budget stall. The US takes in nearly $250B in tax revenues each month...this is more than 10 times than what is needed to service the interest on the debt ($220B/year).
What this shutdown does, however is force Obama into a position to where he would have to prioritize the spending for what is left, but not total chaos like that described in this missive. “
- - - - - - - -
Right.