Yes, the government has enough monthly revenue to service all monthly debts. It does not have enough monthly revenue to finance Obama’s programs needed for his re-election.
It is a false crisis.Cut the socialist programs Obama has, such as 8 billion to Acorn, and there is no crisis at all.
Obama is essentially borrowing all that money to be re-elected. It is doomed to failure and he will take the country down with him in his own ruination.Its all about Obama, not about the country.
And it will spell the utter end of the GOP. There is an upside.The Tea Party will replace the GOP if the debt ceiling is raised according to the supposed “ McConnell plan,”an end run around Congress and the people.It will also assure that Palin will declare her candidacy.And she will win.
Something more deserved now than when the 2008 nomination process was occurring... and that says something.
There is an upside.The Tea Party will replace the GOP if the debt ceiling is raised according to the supposed “ McConnell plan,”an end run around Congress and the people.
The implosion of the Whig Party part deux. I suspect there will be other echoes of the 1850's-1860's as well.
It will also assure that Palin will declare her candidacy. And she will win.
From your keyboard to God's eyes, so to speak.
Mr. niteowl77