DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Obama-Boehner talks collapse, House Republicans say

**LookSe** · 07-24-2011, 09:27 PM

I don't know how they get a default out of this. Tax revenues are about $2.2 trillion a year and the bond interest is about $450 billion. Keep paying the interest, and cut the rest out of other disbursements until they make a deal. The default think is unwarranted fearmongering by the administration to avoid having to make real substantive cuts in the budget.

07-24-2011, 09:27 PM	#6
LookSe Join Date Oct 2005 Posts 550 Senior Member	I don't know how they get a default out of this. Tax revenues are about $2.2 trillion a year and the bond interest is about $450 billion. Keep paying the interest, and cut the rest out of other disbursements until they make a deal. The default think is unwarranted fearmongering by the administration to avoid having to make real substantive cuts in the budget.
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