The only way America can and would default on its commitments to pay back loans and interest on those loans, owed to whomever invested in the USA via bonds, certificates, and whatever else, is if Washington decides to stiff the lenders.
Otherwise . . . there will be no default.
America brings in more than enough revenue through taxes to meet its monthly debt repayment obligations, and enough to run what is necessary to keep the country going, but not enough to also pay all of the 800,000 NONE ESSENTIAL federal employees, and many of the absolutely useless departments that shouldn’t exist in the first place.
AMERICA’S MEDIA MUST MAKE PRAVDA PROUD:
For the media . . . FOX NEWS INCLUDED to continuously repeat the BIG LIE that America will DEFAULT on her obligations if the Debt Ceiling is not increased, is nothing short of YELLOW Journalism, because it’s simply NOT true.
THE REAL VOICE OF AMERICA IS BEGINNING TO BE HEARD:
THOUSANDS of American Truckers will be spending three days this week, tying up Washington DC traffic in protest to what all the losers in the National Capital have done, and are continuing to do to destroy what was once upon a time the greatest nation that ever was.
On September 11, 2013, I rode with 800,000 BIKERS to Washington DC to pay our respects to the victims of Islam’s most horrific attack on Freedom (9/11/01), and to send a message to the American people that enough is enough.
THE DAY OF RECKONING IS AROUND THE CORNER:
If Obama and the LEFT’S strategy . . . including the media was to destroy the American Dream by socializing the country, they’re winning. But, it will be a Pyrrhic victory indeed, because they will find themselves in the ashes when the inferno begins.
This past week, some 1,000 BIKERS rode to Albany to support the Second Amendment, but you wouldn’t know it because the media ignored the RIDE as if it never happened.
But, if a few dozen Moslems, Blacks, Hispanics, Gays, Welfare Recipients or Disgruntled Women and other assorted LEFTISTS were to stage a protest in New York State’s Capital, the NATIONAL media would have been all over it like flies to manure.
YOU CANNOT PILE-IT-ON FOREVER:
It all adds-up, like the straw that broke the proverbial camel’s back . . . and when that last straw, which will be the final insult that comes to the American Dream is piled-on, it will matter little what the political and media hacks have to say, because it will be time for the REAL Americans to be heard.
And that time is coming far sooner than people might think.
In my next editorial . . . I will write about the demise of responsible journalism, including FOX News, where much of it has become about entertainment.
Best Regards . . . Howard Galganov