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-   -   We Can't Default On Our Loans (https://www.apostolicfriendsforum.com/showthread.php?t=44724)

deacon blues 10-09-2013 05:35 AM
We Can't Default On Our Loans
 
The monthly interest payment on our national debt is $18 billion. Our federal government takes in $220 billion a month in taxes. The law requires the fed to pay the interest on our debt before anything else. "The law requires" is a relative term to this White House I know, but nevertheless this is the case. Defaulting on our debts is a lie. It's not going to happen.

ILG 10-09-2013 06:29 AM
Re: We Can't Default On Our Loans
 
Quote:
Originally Posted by deacon blues (Post 1280861)
The monthly interest payment on our national debt is $18 billion. Our federal government takes in $220 billion a month in taxes. The law requires the fed to pay the interest on our debt before anything else. "The law requires" is a relative term to this White House I know, but nevertheless this is the case. Defaulting on our debts is a lie. It's not going to happen.
"The law requires" is only fudged on when it pertains to our personal freedoms. ;)

n david 10-09-2013 08:13 AM
Re: We Can't Default On Our Loans
 
My Congressman, David Schweikert, has been on this the past few days. Saw him again on CNN last night, correcting the host on the issue of what default really means and that we have plenty to pay the interest and will continue to pay interest even if we do not raise the debt ceiling.

There will NOT be a default. I wish the idiots in the msm would tell the truth and help educate people, instead of propagating lies and dumbing down the electorate. But that's what helps make people vote for Democrats.

n david 10-09-2013 12:59 PM
Re: We Can't Default On Our Loans
 
I love this! Moody's sent out a memo today refuting obama and the Spite House's claim that not raising the debt ceiling would be catastrophic and cause us to default on our loans.

Quote:
” We believe the government would continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact,” the memo says. “The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit (actually the exhaustion of the Treasury’s extraordinary measures to raise funds) and a default.
BOOM! :slaphappy

I wish the lame stream media would report the truth about this.

Source Link

canam 10-09-2013 03:24 PM
Re: We Can't Default On Our Loans
 
Quote:
Originally Posted by n david (Post 1280915)
I love this! Moody's sent out a memo today refuting obama and the Spite House's claim that not raising the debt ceiling would be catastrophic and cause us to default on our loans.


BOOM! :slaphappy

I wish the lame stream media would report the truth about this.

Source Link
:thumbsup

deacon blues 10-09-2013 04:36 PM
Re: We Can't Default On Our Loans
 
Quote:
Originally Posted by n david (Post 1280915)
I love this! Moody's sent out a memo today refuting obama and the Spite House's claim that not raising the debt ceiling would be catastrophic and cause us to default on our loans.


BOOM! :slaphappy

I wish the lame stream media would report the truth about this.

Source Link
Where's Light, Dedicated Mind, et al???

Great info! Thanks for the link!

Dedicated Mind 10-09-2013 06:27 PM
Re: We Can't Default On Our Loans
 
go ahead and default, obama will pay social security and medicare while making drastic cuts to defense. who is going to prioritize spending when there isn't enough to spend on everything? your daddy obama that is who.

Originalist 10-09-2013 06:49 PM
Re: We Can't Default On Our Loans
 
Quote:
Originally Posted by Dedicated Mind (Post 1280946)
go ahead and default, obama will pay social security and medicare while making drastic cuts to defense. who is going to prioritize spending when there isn't enough to spend on everything? your daddy obama that is who.

Please cite the article in the Constitution where the president has power to spend the money.

Originalist 10-09-2013 06:50 PM
Re: We Can't Default On Our Loans
 
Quote:
Originally Posted by deacon blues (Post 1280936)
Where's Light, Dedicated Mind, et al???

Great info! Thanks for the link!
Obama at 37% approval. We are so winning this fight.

Pressing-On 10-16-2013 08:31 AM
Re: We Can't Default On Our Loans
 
Quote:
Tuesday's show: Default hysteria.

Hour 1: What the ruling class calls a “breakthrough” is more likely the end of the line for liberty.

Constitution Weekly looks at default & debt ceiling madness with Michael Peroutka of the Institute on the Constitution.


http://stevedeace.com/headline/deace...cast-10-15-13/
Better to start at 13:21 marker.


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