kenneth416 Wrote:
Jan 21, 2013 11:38 AM
While what you said--that there is enough revenue coming in daily to pay the interest on our debt--there is not enough to pay Social Security benefits and Medicare claims, not to mention routine bills (as, for example, on government contracts which come due). So, failure to increase the debt ceiling would simply FORCE Obama and Geithner/Lew to prioritize disbursments, and, for sure, their priorities likely don't match mine.