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.
-
33:39
Americans for Limited Government
6 months ago $0.02 earnedTrump WINNING Trade War As Nations Rush To MAKE A DEAL Before April 9! Congress PANICS!
3481 -
1:06:00
vivafrei
2 hours agoTrump Secures Cease-Fire? Canada Goes Full Woke Commie Tard! Psychos is Cali AND MORE!
23K33 -
1:35:26
The Quartering
2 hours agoTrump For Nobel Peace Prize? Lefty Shocks Dog, Thomas Massie, Woke Superbowl!
73.8K67 -
LIVE
StoneMountain64
4 hours agoBF6 Full Release Gameplay Review - I have been playing EARLY
313 watching -
DVR
The HotSeat
2 hours agoTrump "The Peacemaker", Unless You're Antifa!!!
4832 -
1:28:11
Sean Unpaved
4 hours agoSnap Counts & Showdowns: Hunter's Usage, CFB Fire, & Playoff Baseball Bonanza
75.8K2 -
56:09
Steven Crowder
6 hours agoBlack Fatigue is Real and I Told Them Why | Black & White on the Gray Issues
330K1.36K -
3:52
Michael Heaver
3 hours agoItaly Issues Bombshell Ban ALERT
2.65K5 -
1:10:24
Simply Bitcoin
4 hours ago $3.50 earnedLEAKED CONVERSATION: US SECRET Bitcoin Plan EXPOSED?! | EP 1350
20.8K4 -
3:36:42
Barry Cunningham
16 hours agoBREAKING NEWS: PRESIDENT TRUMP HOSTS FULL CABINET MEETING!
35.9K14