Default, dear Brutus, is not in our stars, but in our future.
The author is overlooking an important point; the Treasury is “borrowing” money from the Federal Reserve who don’t have the money to lend. The Fed Res is just printing the money. Money now paying the interest on the debt is just as fictitious as the money borrowed to fund the budget.
Welcome to Venezuela.
Thing is, it will only increase as a percentage of the budget. And it is increasing exponentially. Like the penny a day that is doubled every day, at the end of two weeks the daily payout is $163.84. At three weeks, it’s $20,971 and at 30 days it’s $10,737418.24.
At the end of two months it is $11,529,215,046,068,470.00.
This gives a rough idea of what our federal government is trying to stop. Well, they are obviously not trying to “stop” it. They are preparing for the fallout.
Work debt-slave. Pay our IRS collectors at every aspect of your life until you meet our death panel deciders. See to it that your children and your children’s children are present in our indoctrination centers so that they may follow your path, debt-slave.