Raising the debt ceiling had nothing to with paying/not paying the interest of outstanding US T-bills. Default was never going to happen. It was a lie and you bought into it.
Explain it to me.
I am a micro economics guy.
Could you explain that a little further? Because that was my understanding, and I realize there is a whole lot of misinformation out there.
If no deal were passed, then everyone holding T-bills would still get their interest?
How?
Would the gov’t just print money, or would the creditors have to wait?