dancing

Dancing Past The Propaganda

Have you noticed the term “reaching the debt ceiling“, has now been replaced by the White House term “default“?    As if, reaching an expiration of current borrowing limits means we are automatically doing to default on our debt.    Insufferable propaganda.
Reaching the debt ceiling means we just will not borrow more money.  Period.   It has nothing to do with what the government does with the incoming tax revenue.   Think of it like your household budget.
You earn $5,000 per month.   You spend $7,500 per month.  Reaching the debt ceiling means you have used up your credit line.  You either borrow more, or reduce your living expenses to the $5,000 you have coming in.
Using the same percentages (modified for this example) the interest payments are 1/8th of all current federal income, or $625/month.   So long as you pay the $625 you are not defaulting.   You then have $4,375 left over to decide what your priorities are.
Reaching the debt limit – which is a moment in time, is NOT going into default  – which is a decision not to pay your creditors.
Despite the intensive propaganda spewed by Stompy Feet and his water-carrying media, the average patriot can see right through the B.S.
Kilroy

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