Wrong.... when the budget was passed last year... you do remember that, right? That money was spent. They don't pass a budget and say... this is our plan for the year... IF we have the money.
Wrong. We have not have a budget since the 2009fy.
Want to try again?
That would be like you and your wife saying.... Let's buy a car. You go to the dealer and work out financing terms and then 6 months later say.... Wow... look at our debt.... I'm not paying. Even if you call the creditor and say... hey... I'm just going to pay interest payments for a while...Your credit rating goes to shit and you end up with a loan shark level interest rate.
It's no different. Whoever told you that "the money is not spent" is lying to you.
The money is not spent until it is actually spent if you use a cash accounting system, which the government, and most homeowners, do. It is not even actually owed until the bills come due. It isn't my fault you do not understand basic accounting.
On top of that, the Treasury actually can restructure payments that are going out to prioritize debt payments to keep our credit rating from being negatively affected. this will mean not paying something else, like federal salaries, and shutting down non essential government services, but it will not actually result in a default. The government receives approximately $175 billion in revenue every month, which is more than enough to manage the debt services, SS, Medicare, and most of the everyday expenses of the military. They might have to shut down HUD, but that will not destroy the economy.
So? He's the President, too, and he's not very good at that, either.
