To: central_va
Explain it to me.
I am a micro economics guy.
26 posted on
10/16/2013 4:52:40 PM PDT by
Eurotwit
("Every saint has a past and every sinner has a future.")
To: Eurotwit
The US government takes in over 200 Billion in tax revenues every month. The debt servicing(interest etc.) bill is 20 Billion per month. So to default on the debt, the debt would have to become the lowest priority budget item. In other words there is plenty of money to pay the interest, it is being used as a political weapon and default is a lie.
34 posted on
10/16/2013 6:21:20 PM PDT by
central_va
(I won't be reconstructed and I do not give a damn.)
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