LETTER: Here’s the truth about debt ceiling
To the Editor:
The Democrats continue to emphasize that “not raising the debt ceiling will result in a U.S. default on loans.” Not true.
We, the American people, want our debt to be reduced, not increased! There is plenty of money coming into the government on a monthly basis to pay most of our expenses, and the debt payment would be first on the list; then would come the military, Social Security, Medicare/Medicaid, etc. There would be no default with this approach.
Clearly, the Democrats will request ... the debt ceiling to be increased until our debt would be so enormous that a collapse or de-valuation of the dollar would result. When you talk to these so-called Democrat economic experts, please explain to them this non-default model. I’m sure they still wouldn’t understand since it doesn’t fit into their talking points.