1. If the senate votes on something, say a "clean raise" of the Debt Limit, that Bill would be DOA in the House. If the senate votes on the House Bill, would democrat senators vote for it?
2. The 14th Amendment is not the answer, neither is the gimmick coin. The USSC would never allow it.
3. Assuming a default, what all could be cut?
SS would pay about 70% of promised benefits (actual money paid in gets paid out) ($300b/yr)
Welfare payments would stop ($1.6T/yr)
( this is the biggest leak in the ship that needs to be PLUGGED, see below)
Medicaid would stop (~$200b/yr)
Foreign aid would stop ($55b/yr)
Those cuts should cover the $700b a year interest on the Debt
Poverty remains a widespread problem affecting countless low-income families in the U.S. Here’s a breakdown of the latest welfare statistics for 2021.
www.lexingtonlaw.com
- In 2022, the federal government spent over $1.6 trillion on welfare programs in the United States. (Source: U.S. Government Spending)
- In 2023, the United States is projected to spend $1.3 trillion on welfare programs. (Source: U.S. Government Spending)