excalibur
Diamond Member
- Mar 19, 2015
- 19,649
- 37,752
- 2,290
There is no possibility of default unless Biden and Yellen decide to violate the 14th Amendment and statutory law.
The feds take in about $320 billion a month in revenue.
The debt service averages about $46 billion a month in FY 2021. Plenty of money for other functions, like Medicare, the VA, etc.
Yet Biden is out there scaring people (as are most Democrats and some Republicans). But Biden has the bully pulpit.
The feds take in about $320 billion a month in revenue.
The debt service averages about $46 billion a month in FY 2021. Plenty of money for other functions, like Medicare, the VA, etc.
Yet Biden is out there scaring people (as are most Democrats and some Republicans). But Biden has the bully pulpit.
