Quote:
Originally Posted by buckman
Explain how I'm wrong. Something like 200 billion coming in each month and like 20 billion in interest per month needs to be paid to prevent a default. That 20 billion has to be paid unless the President illegally orders the treasuries not to pay it . I believe that's how it works but your clearly the expert so learn me 
Posted from my iPhone/Mobile device |
First off, our total interest outlays are a lot more than 20 B a month, it's like 400 B for the entire year.
Second, you still have the fund the other 80% still running or the economy implodes. We don't keep all that much cash under the mattress.
Posted from my iPhone/Mobile device