To the Cape May spouter about the debt ceiling. Wrong again!
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Cape May - To the Cape May spouter about the debt ceiling. Wrong again! Myth 1: Failure to increase the debt ceiling is insanity. Unless we increase the debt ceiling, the U.S. government will default on its debt. Fact 1: The federal government has other options. If the debt ceiling is not increased, the Treasury Department can make interest and debt payment its first priority to avoid a default. Then it can essentially put the government on a stringent pay-as-you-go basis. What a concept! Not rocket science. Stop drinking the Obama scare-aide!