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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This massive debt, combined with inflation, is a huge problem.
High inflation produces higher interest rates.  I remember when the government was paying 6% on debt.  If they did that now, that would add $2 trillion dollars a year in debt payments.
Instead of trying to deal with this, all we get are partisan talking points.[/quote]

[twitter]https://twitter.com/grace_segers/status/1615801821758427146?s=46&t=_GmJ9R1R9pn2L_444V9hIw[/twitter][/quote]

Why are they talking about default?  This is just a lie.  The issue is to not pick up more debt.
The only way default comes into play, is if government doesn't have enough revenue to make payments on debt, or if the President borrows money without authorization from Congress, which can then be defaulted as unauthorized debt.[/quote]

What in the world are you talking about?  If necessary spending + debt service exceeds revenues, the government needs to take on more debt to meet all of its obligations.  If you can’t take on more debt, then you have to cut some of your payments.  What happens if the US had to choose between issuing social security payments to seniors or making debt payments?[/quote]

You pay the debt and hold back the Social Security.  When Clinton was President, this is what he talked about as the consequence of not passing a debt ceiling increase.  
This was also a lie, as it could be managed, but it made more sense than talking about default.
This is why Democrats pass the debt ceiling increase under a Republican President.  They are the party of government, and the President can make it somewhat painless with the choices made if they want to.  They can have the hits go to Democratic constituencies like government workers.[/quote]

This is kind of sociopathic.  Do you realize how many Americans wholly rely on social security to survive?[/quote]

Especially disabled white southerners. [/quote]

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