Someone comes to you and wants to borrow some money. They’ve won the lottery and he’ll pay you back when he cashes the ticket. But there’s a lawsuit over the rightful owner. Would you loan him the money?
How would obama raising the debt limit knowing the courts may rule he wasn’t allowed to do so going to help our credit limit? Plus, if the courts rule against him no bills he paid would be valid. The checks would bounce.
Thank you. Good analogy.