Originally Posted by banyon
What a strange chart.
It lumps quite a bit into "welfare and other spending". This would include veteran's benefits, the DOJ, FBI, CIA, general government expenditures (like the White House, Supreme Court, Congress, keeping the lights on), not to mention that only includes the essential spending.
So, yeah, if we literally turn off the lights and send every one home, we can pay the Chinese, no sweat. But lumping those things in with welfare is highly misleading.
The only purpose of the chart is to illustrate why we won't default after the 17th. All the rest is political yadda that doesn't really pertain to the actual matter of the default that is being threatened by the white house. There is no default that is going to happen. Even Obama isn't that petty.