3 Reasons Why The Debt-Ceiling Debate is Full of Malarkey (government, 2013, tax)

[knowledgeiskey]

This is a good perspective from an apolitical analyst. The government does not neeed to raise the debt ceiling.

‪3 Reasons Why The Debt-Ceiling Debate is Full of Malarkey‬‏ - YouTube

[noexcuseforignorance]

Perhaps that analyst can come on here and post then instead of having people make post and runs with no commentary of their own.

[Bulldawg82]

I think the common misconception is that if we don't raise the cealing, then we default on loans. That is not true. The loans get paid first. The real debate is what to do with the remainder. The two big boys - the defense budget & SS/Medicare/aid can't both be paid out. Which goes?

[buzzards27]

well seeing that SS is largely funded by the FICA tax withholding and NOT the general fund, SS should continue to be paid.

Originally Posted by Bulldawg82

I think the common misconception is that if we don't raise the cealing, then we default on loans. That is not true. The loans get paid first. The real debate is what to do with the remainder. The two big boys - the defense budget & SS/Medicare/aid can't both be paid out. Which goes?