King,
its not just Moody's its SIMPLE MATH,that proves we can indeed pay our debt-and SS and a lot more when the debt ceiling hits. What is a real issue is the fact that we must stop this deficit or the next generation will have a REAL depression to deal with !

No option? In reality, we have more than enough cash to pay our debts. Revenues flowing into federal coffers exceed our debt payments by nearly 12-to-1.

Sure, if we breached the debt ceiling, we would have to cut federal spending elsewhere and shut down some unnecessary functions of government — a kind of Super Sequester. But our debts would be paid.

Same is true with Social Security. But Lew and other Democrats have warned that even Social Security payments are in jeopardy if the debt ceiling isn't raised. Say what? Social Security is a pay-as-you-go program. By law, the money coming in should go straight out to retirees — not to a spendthrift Congress.

They know this. But, as in so much else with this administration, creating chaos is more important than telling the truth.

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