Originally Posted by Taco John
That actually corroborates the data that I posted. It doesn't refute it at all, I don't dispute any of these numbers. The CBO's figures look right. That doesn't mean that we'll default. We would have to choose to prioritize default in order for it to happen. And by "we" I mean Obama would specifically have to say "Don't pay the interest - let's default instead."
The interest? Okay I don't follow the democratic republican media anymore. Where did you learn that defaulting on a loan only equals only interest, and not simple facts that a loan = principal + interest. Please tell me the media that told you this. I would love to know. What goop you swallowing?