Yes, it is all over the media, picked up (as usual) by Fox News, that the August 2 date when we reach the debt ceiling (a debt of more than 14 TRILLION dollaars), is a "date of default". That is simply not ture--a LIE. See my previous article. The date is simply the date at which we can no longer INCREASE our debt (the debt we have REMAINING). It is not, even theoretically, a "date of default". At that point, we merely have to start "living within our means"--although we all know we can't,, just like heroin addicts can't kick the habit. If we merely nonored the present debt ceiling, which is "the law', our 14 TRILLION dollar debt would remain. It would not be reduced one single penny.
Yes, one of the blonde Fox women anchors (they merge in my mind) described the Ausgust 2 date as a "default date" to Tom Coburn yesterday (a Senator I don't admire that much, but who was dead on here). Coburn ATE HER LUNCH, basically calling her a liar (nicely, without using that word) for misprepresenting the significance of reaching the debt ceiling.
Boycott Fox Newws (unless surfing for material or the present media narrative, like me, as you surf multiple sources and believe none of them).
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