First she said July 1st then she moved it to June 1st now she says June 5th. Its all fake. She could hold off 6 months. They want the markets to panic a little. It helps move interest rates. This is all a propaganda ploy. Republicans mostly think that its all a scam. Democrats are the ones that believe. So McCarthy should hold tight. His voters won’t blame him for the panic. They will blame him for giving in.
Reminds me of an old bad joke. Goes something like,
Doctor tells a guy he has six months to live.
Guy tells Doctor, “I can’t pay my bill so soon!”
Doctor sez, “OK. A year — but no longer!!”
[Ba-DUM-tish!]
So if the US refuses to stop spending money it does not have, the US government defaults? There is a obvious solution to this, not that Congress or Biden will take it.
“31 U.S. Code ยง 3123 - Payment of obligations and interest on the public debt
(a)The faith of the United States Government is pledged to pay, in legal tender, principal and interest on the obligations of the Government issued under this chapter.
(b)The Secretary of the Treasury shall pay interest due or accrued on the public debt. As the Secretary considers expedient, the Secretary may pay in advance interest on the public debt by a period of not more than one year....”
https://www.law.cornell.edu/uscode/text/31/3123
She could have prepaid the interest for all of 2023, making default impossible in 2023.
Immediately shut down funding for ALL government agencies and programs not explicitly authorized in the Constitution and everyone wins... and no debt ceiling issues.
June 5.
D-Day.
Now supplanted by Default Day.
Sorry, heroes of Normandy.
The lock upon my garden gate's a snail, that's what it is
The lock upon my garden gate's a snail, that's what it is (Oh yeah)
First there is a mountain, then there is no mountain, then there is
First there is a mountain, then there is no mountain, then there is
(Oh yeah, that's right)
[Verse 2] The caterpillar sheds his skin to find a butterfly within Caterpillar shed his skin to find a butterfly within (Yeah)
First there is a mountain, then there is no mountain, then there is (Yeah, yeah, right)
First there is a mountain, then there is no mountain
[Bridge]
Oh Janet, oh Janet, oh Janet, I call your name (Ah)
Cry me a bucket of tears Mellon (head).
Not to worry, the RINOs are already starting to cave.