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Keep printing that money and running up a debt you have no intention of paying, you irresponsible SOBs.
You could also say
“Keep cutting taxes and running up a debt you have no intention of paying, you irresponsible SOBs.“
One party spends too much. The other doesn’t collect enough. Both equally guilty, and both will see their incumbents sent back for more by a massive margin in November.
This threat of default is a blatant lie. With over $850B in monthly revenue coming in and with interest on debt running about $53B per month, it’s impossible for federal government to default.
John – Um – it’s not default on debt payment, it’s default on all obligations – contractors, wages, etc.
For 2021, US Govt and $4.0t of income against 6.8t of expenditure. https://www.cbo.gov/publication/57539
When the statutory limit of debt is reached, it would be illegal for Treasury to incur more debt – so the Dept would get to figure out what bills to pay… that would be interesting.