[Kickass Conservative]

Nope. Next question.

There would be no “default”. Obligations are always paid first with Servicing the Debt as number one. SS, Medicare and Government Pensions come next.

The Debt Ceiling being hit has no effect of Tax Revenues flowing into Government Coffers. Just more scare tactics.

[sima_yi]

Bears repeating, as you are quite correct. Therefore:

There would be no “default”. Obligations are always paid first with Servicing the Debt as number one. SS, Medicare and Government Pensions come next. The Debt Ceiling being hit has no effect of Tax Revenues flowing into Government Coffers. Just more scare tactics.