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Old 01-07-2013, 08:26 PM   #15
mlyonsd mlyonsd is offline
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Join Date: Aug 2000
Location: Spink, SD
Casino cash: $23862
Quote:
Originally Posted by BigRedChief View Post
Huh? We ran out of money on Dec. 31st. They are using accounting tricks to buy a month or two. But the clock is ticking and the Republicans trying to portray this as no big deal are way off in their analysis.

I don't think the Republicans are so stupid to push the economy into a recession.
I'd say your original question is true, defaulting on our debt is a violation of the constitution.

Where you're wrong is if we reach the debt ceiling and it isn't raised, we won't necessarily go default. We have plenty of monthly federal revenue to pay our debts.

We won't have enough money to borrow further on things like unemployment benefits, food stamps, military spending, bridges to no where.

But we won't be in default.

It's sad you are tricked by the very people you champion.
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