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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