Clean, honest facts/debate about the debt ceiling.

[ReallyMeow]

What happens to the government when they can't pay the interest on that $16,400,000,000,000 loan?

Thats the plan:
Starve the beast - Wikipedia, the free encyclopedia

 

[theDoctorisIn]

What is the debt in "public holdings" and it includes 48% of the debt that is owed to foreign governments?
The intra-governmental holdings include the debt to Socil Security.
Who is the "public" that holds the debt of the USA besides the foreign powers?

What happens to the government when they can't pay the interest on that $16,400,000,000,000 loan?

Anyone who owns any Treasuries.

Like myself.

 

[PaulS1950]

You want the real story about what continual deficit has caused?

See this:
http://www.pierremp.ca/budget/

It is the Canadian view of the US problem