Failure to raise the debt ceiling by mid-October could result in the government defaulting on its obligations.
False.
Not borrowing MORE is not defaulting on current. This will be easy to splain to the people.
"0bama and the dems want to make you pay more taxes. The republicans are saying "no" to that. That's all. 0bama and the dems are lying to you - just as Joe Wilson famously yelled. We pay our existing debts - we just don't allow them to borrow any MORE that will be taken from you in taxes."
but if we can’t borrow more, how can we give $320 billion to Deeetroit?