4 ms·
First of all, hitting the debt ceiling doesn't mean a default. Period. The US will not default because of hitting the debt ceiling. They will be unable to pay f
by kevinpet 15y ago
First of all, hitting the debt ceiling doesn't mean a default. Period. The US will not default because of hitting the debt ceiling. They will be unable to pay for other programs. There is a strict hierarchy of who gets paid, and debt is at the top.
This is true: "if Congress does not get its act together, there are going to be a whole lot of folks who will wake up and find themselves with no job, no cash, and very shortly thereafter, no home and no prospects". But it fails to mention that those people are exclusively government employees. When I see unemployed IRS agents begging for change on street corners, I'll know that we've finally turned back the tide.