Gold Member
- Apr 26, 2011
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What!?! So you admit that the debt can be serviced? This is improvement.
Now you believe that the annual revenue won't be able to service the military budget? Where are you getting this?
Fact: Debt, Social Security and military obligations can be serviced. I'll show you the numbers, prove me wrong.
I have never said otherwise. I have always admitted that the debt could be serviced without borrowing. I've also, repeatedly, said that that is not the point. If we can't pay even one of contractual obligations our credit rating will be lowered and that is bad.
So now, can you show us the numbers proving we can pay EVERY obligation without borrowing?
So what you are saying is raising the debt ceiling is a guarantee that America's credit rating won't be lowered? The threat of a lowered credit rating has been made several times in the last two years, so if that is what you believe that the country must raise the debt limit from $14,000,000,000,000 to $16,000,000,000,000 to secure the future economy of this country you are insane. Spain, Greece, Italy, there are so many examples of just how flawed your logic is, but hey let's continue to spend $200 billion a month more than the budget.
Also, since you are being honest, and admit that not raising the debt ceiling doesn't mean unavoidable default why is your home-boy out there lying to the American people and threatening seniors?
The decision to prioritize payments would fall on the Treasury department if the debt limit isn't increased, and the only way any of those things would happen is if Obama allows it to happen.