29 billion is all Obama needs to service the debt for August. The Government will have at least 175 billion dollars in revenue. Social security checks will go out because it would be illegal fo Obama not to do so. Also, there is still enough contributors into Social security to cover all those checks. If the government goes into August without a deal struck all that will happen is a shut down of government departments which has happened before. The military will be paid and all other obligations.
There will be no default. What is most concerning is that both parties are working together to frighten the American people.
Also, for those of you who have been defending Obama can you show me his plan? Because to the best of my knowledge he has been unwilling to produce one.
|