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.
-
1:41
Americans for Limited Government
6 days agoPresident Trump: Rights Come From God
73 -
21:42
Stephen Gardner
1 hour agoBREAKING: 17,852 Ballots Missing — Trump Brings CIA & FBI Into Georgia Investigation
5.84K14 -
UPCOMING
John Crump Live
19 minutes agoCTLR Pew Sues California In Florida. Featuring Fudd Busters
-
LIVE
The Nunn Report - w/ Dan Nunn
2 hours ago[Ep 845] Dems Desperation on Illegal Voting | Left: Human Trafficking NOT Violent Crime
213 watching -
LIVE
The Tom Renz Show
1 hour agoTrump: The Good, the Bad, and the Epstein
237 watching -
1:41:27
The Quartering
6 hours agoDISNEY BANS GAY, KARENS SIEGE TARGET, BIG ANTIFA ARRESTS, MORE WOKE VIDEO GAMES FLOP!
128K30 -
1:04:05
DeVory Darkins
4 hours agoTom Homan's Announcement shows how INSANE Democrats really are
147K98 -
50:15
The White House
5 hours agoPresident Trump Makes an Announcement with the Administrator of the EPA
42.6K48 -
1:10:19
Sean Unpaved
4 hours agoShould DeMeco Ryans & Texans KEEP Or TRADE CJ Stroud?
40.3K5 -
7:40
BeyondSeclusion
5 hours ago11 SHOTS - 0.9 Seconds - Partisan FRT Trigger
14.8K3