More truth you wont hear from democrats--or the press-- 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,” Moody’s Investor Services reports today. “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, writes Moody’s. This is the third time this year Obama has tried to rule by creating false panic. First it was sequestration, then it was his current shutdown and now hes making false claims about the debt ceiling and default.
Posted on: Tue, 15 Oct 2013 03:00:03 +0000