Maybe I’m not understanding this, but ……. BUT, my understanding is that a default would be NOT paying our bills on ALREADY borrowed money, would it not?
So, . . . . what the blazes does raising the debt ceiling have to do with a Default? Can someone explain to me what NOT being able to borrow (more money) have to do with NOT paying our existing bills?
Somewhere here, there seems to be a DISCONNECT! And I think the disconnect is that they think we’re so stupid they don’t think we’ll ever catch on that they want to put us farther in debt … along with our children’s, children’s children, while they prepare to give friends more of our money!
Or, … is it that we’ve not been paying our debt already? Could it be, that we’re ONLY paying the interest, but cannot pay against our debt?
I’ve read suppositions that China (and possibly even other creditors), are waiting to take possession of American property …. and that they have a right to?
A couple off-the-wall-questions: If that is misunderstood on my part, all well and good, but is your loan on your house guaranteed by federal money? And could you lose your home and possessions over our politician’s irresponsible behavior?
I don’t think so, it sure doesn’t seem right, but surely they can (legally) take possession of federal property (land, parks, and buildings), … but surely state solvency is tied into federal money as well ……
Maybe operating w/in a balanced budget would be the answer …. ya think maybe … ?
Here’s an answer from what I believe to be a trustworthy resource: http://www.forbes.com/sites/jeffreydorfman/2013/10/03/dont-believe-the-debt-ceiling-hype-the-federal-government-can-survive-without-an-increase/