A TEMPORARY GOVERNMENT SHUT DOWN WOULD NOT CAUSE A DEFAULT ON THE NATIONAL DEBT
Interest on the national debt is only 6% of the nation’s budget.
Revenues to the federal government (2012: $2.468 trillion) do not cease
in a government shutdown. We all still have to pay taxes, federal
withholding from our paychecks continues and businesses continue paying
taxes. So, the government has more than plenty of money to pay the
interest on the national debt. Only “non-essential” services (why does
government even have “non-essential” services?) would temporarily close
during a government shutdown.
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