Premium Only Content
Biden's DEFAULT on HIM if he doesn't MAKE A DEAL!
If Biden chooses to default on the $31.4 trillion debt, it’s because he chose not to use ample revenue to pay interest on the debt.
https://dailytorch.com/2023/05/if-biden-chooses-to-default-on-the-31-4-trillion-debt-its-because-he-chose-not-to-use-ample-revenue-to-pay-interest-on-the-debt/
If the U.S. defaults on the debt on June 1, it will be because President Joe Biden chose not to make principal and interest payments on U.S. Treasuries out of existing revenue, for which there is more than ample revenues to service and refinance up to the current debt ceiling limit, $31.4 trillion. While gross interest owed on the debt in 2023 is $897 billion there is more than ample revenue at the U.S. Treasury to meet those obligations: some $4.8 trillion of taxes collected annually, according to the White House Office of Management and Budget. There would still also enough revenue to meet Social Security ($1.346 trillion), Medicare ($821 billion), Medicaid ($608 billion) and defense spending ($800 billion). Between the gross interest and these programs, that’s about $4.47 trillion out of the $4.8 trillion of revenue. That is, if President Joe Biden chose to make payments to them on a continued basis while he and Congress were still negotiating an increase in the debt limit.
-
41:17
Americans for Limited Government
8 months ago $0.08 earnedINFLATION DROPPING! Trump WINNING! And Congress Is STILL Panicking!
330 -
LIVE
Graham Allen
1 hour agoTrump To Address The Nation! + Candace Bends The Knee, The Cult Turns On Her!
7,446 watching -
LIVE
Wendy Bell Radio
4 hours agoIs She Even An American?
6,894 watching -
DVR
Chad Prather
14 hours agoHow to Recognize When God Has Already Answered Your Prayer
13.9K19 -
LIVE
LFA TV
12 hours agoLIVE & BREAKING NEWS! | WEDNESDAY 12/17/25
2,185 watching -
1:33:59
Game On!
18 hours ago $1.53 earnedBIGGEST 2025 College Football Playoff 1st Round BETS NOW!
21.6K2 -
1:04:39
Crypto Power Hour
11 hours ago $4.69 earnedState of Early Stage Crypto Investor Rob Good
39.6K8 -
1:24:24
LIVE WITH CHRIS'WORLD
18 hours agoTHE WAKE UP CALL - 12/17/2025 - Episode 27
20.9K -
27:51
ThinkStory
19 hours agoIT: WELCOME TO DERRY Season 1 Ending Explained!
26.9K -
5:29
Gamazda
13 hours ago $1.82 earnedMetallica - Nothing Else Matters (Live Piano in a Church)
19.2K7