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Default Deception 
 Part of channel(s): Yoursay (promoted)

The President of the United States, a few Senators and just about every news agency is saying America will default on its debt (interest payments) if the debt ceiling is not raised. This is not true.

Constitution Amendment 14 Section 4 http://www.archives.gov/exhibits/charters/constitution_amendments_11-27.html

Treasury.gov Fiscal year 2013 interest payments: http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm

Total Spending and Annual Surplus/Deficit last 20 years: http://www.heritage.org/research/reports/2013/08/federal-spending-by-the-numbers-2013

Government Revenue: http://www.usgovernmentrevenue.com/current_revenue

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Added: Oct-14-2013 Occurred On: Oct-14-2013
By: Flashovr
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Tags: default, deception, intrest, payments, no, problem.
Location: Orlando, Florida, United States (load item map)
Views: 1418 | Comments: 121 | Votes: 10 | Favorites: 3 | Shared: 0 | Updates: 0 | Times used in channels: 2
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