It is expected that the stupids of the MSM will characterize the debt-ceiling fight this way:
"Republicans in Congress will cause the US to default...."
That's malarkey, of course, but since the MSM merely transcribes Obozo--who doesn't know jack about business or its terminology--that's what you'll see.
The Feds are taking in FAR more than necessary to make the interest payments, and making those payments and rolling over the debt is all that's required to avoid default.
Of course, it's possible that the ChiComs will refuse to purchase any more T-Bonds or bills. Wouldn't surprise me--but that's an entirely different discussion.
More from The Ticker.
Do you have a source for that quote?
ReplyDeleteRelax. This whole thing is just about over. Republicans are slowly realizing that this shutdown is killing them politically. It's almost as humiliating as losing to Obozo twice.
Almost.
Keep dreaming, and get the Obama jizz off your face.
ReplyDelete