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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Biden can ignore the congress and just tell the world that the US will meet its obligations.

What recourse does the Congress have? It is constitutional to meet the faith and credit of the US on behalf of the Executive Branch.[/quote]

The House has already passed the bill to do this.  The ball is in the Senate's court along with Biden.[/quote]

You think anyone is buying this???

You passed a bill that holds the full faith and credit of the IS hostage to the insane demands of your base.  That’s all you did.  [/quote]

It does nothing of the sort.  Suppose nothing passed.  There is still revenue coming in.  This money is more than enough to pay interest on the national debt.

There is no default in play, but both sides enjoy pretending it is.  The only thing being held up is the ability of the executive to borrow MORE money.
There is no scenario, whether a deal is reached or not, that would produce a default on US debt.[/quote]

The law requires the government to make a lot of payments beyond interest on the debt.  Also, stopping all those payments would be catastrophic for the economy.[/quote]

However, that would not be defaulting on the debt as people on here claim.
The revenue coming in can cover much more than interest on the debt.  
I'm more worried about higher interest rates adding trillions in debt payments every year.  This is also catastrophic for the economy.[/quote]

"There would not be that much defaulting" isn't even language that should be entertained.  The amount of default that the Constitution allows is ZERO.  There is no "how much."  Any "how much is allowable" legislation is unconstutional and any debate to consider it should be shut down.[/quote]

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