You are missing the point. I agree the money is in the checking account. But, Obama will not write the check to make the interest payment. Therefore we will default. People are not listening to what the king is saying.
“You are missing the point. I agree the money is in the checking account. But, Obama will not write the check to make the interest payment. Therefore we will default. People are not listening to what the king is saying.”
one thing to keep in mind though. these lazy, good for nothing, lard asses, are not going to destroy their no lifting, cushy good for nothing jobs.
they won’t let this whole thing crash on purpose.
If he does that, then the credit rating will be impaired. Raising the credit limit won't help at that point because we won't be able to afford to borrow more. The dollar fails. There is no excuse for a default, but Barry is anxious to crash our country.
The monthly disbursements amount to around $319 billion. Tax revenues are around $250 billion. We must pay the $18 billion in sovereign debt. That leaves the coffers short about $51 billion per month based on current spending. That's some serious cutting. If you don't pay the EBT loafers, you'll have riots. We had a test run over the weekend.