RWNJ lady at work, says USA cannot default as too much money coming in?

[DMacTX]

along the lines of

"The USA brings in $225 billion a month but only owes monthly combined $18 billion in interest and principal"

and

"Legally the first thing that the US government is required to pay is the principal & interest on our national debt."

[appleannie1]

1. Bet she watches FOX and listens to Billo

And the masterbating while rocking in his chair limpballs.

[LiberalLoner]

2. Lady has been fed BS from Faux news.

[Trekologer]

3. I think those numbers are a bit off

Ask Ms. RWNJ if she would consider that your employer defaulted if her paycheck bounced or just didn't arrive at all.

The government's obligations are more than just debt service. There are employees to pay, other bills to pay, transfers to states, etc. If the federal government fails to pay ANY of them, it has defaulted.

[DMacTX]

5. Thank you very much!

[DMacTX]

4. I agree, what's is the best counter argument to her.

I have to be semi cautious as I work in an office heavily infested with tea party extremists.

Ergo, factual response may trump shaking head and laughing at her.

Thanks

[CJCRANE]

6. A nation's lifeblood is money. Money needs to circulate. If it doesn't circulate

everything eventually grinds to a halt and breaks down (in a capitalist system).

[ljm2002]

7. My response would be...

...if that is so, then what is all the hoo-haw about the deficit? Can't have it both ways...

[sinkingfeeling]

8. The lady is completely incorrect. The US Treasury says it will take in directly

$5.4 trillion. Now my math says that's a bit more than $225 billion a month.

Facts are her friends.

http://www.usgovernmentrevenue.com/total_revenue_2013USrn