The Federal Government's Debt Default is a Choice, Not a Certainty

[Draggingtree]

Freedom Outpost:

 

13 mins ago

by John DeMayo

 

The Federal Government's Debt Default is a Choice, Not a Certainty

News flash America: If the government defaults on our debt obligations, it will be a conscious choice. The time is now to end Washington's elite spending spree that fuels lobby groups and their corporate customers' addiction to taxpayer cash. Raising the debt ceiling is not necessary, it is a choice.

 

In case you did not know, the government confiscates $2.8 trillion dollars per year in principle or interest owed on our $16.7 trillion dollar national debt is $21.6 billion dollars or $260 billion dollars for the year. Given government annual revenue is over ten times the amount of our national debt interest obligations, why is it necessary to raise the debt ceiling to service the national debt and maintain the full faith and credit of the United States?