Friday, May 5, 2023

US Debt Default Risk Is Yet Another Democrat Lie

 Top Democrats terrorize the American people and vandalize global financial markets with irresponsible lies about eminent default.

The GOP House last week adopted legislation to increase the national debt ceiling and obviate any prospective default.

"House Republicans did their job and passed a responsible bill that raises the debt ceiling, avoids default, and tackles reckless spending," House Speaker Kevin McCarthy stated.

Biden's press secretary, Karine Jean-Pierre, claimed Wednesday that "MAGA Republicans" aim to "Take our economy hostage with the default."

So long as Yellen pays bondholders first - before spending a dime on windmills, gas-stove prohibition, grade-school genital mutilation, or any other Democrat fetish - then default is a non-starter.

The Democrat Senate then could pass it, forward it to Biden for signature, and finally give the default bogeyman a decent burial.

If not, if America ever defaults, it would be 100 percent the Democrats' fault.

https://spectator.org/us-debt-default-risk-is-yet-another-democrat-lie/

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