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Repudiating the National Debt
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<blockquote data-quote="Babagounj" data-source="post: 857821" data-attributes="member: 12952"><p>bhos is and has always been a follower. Never a leader.</p><p></p><p>What happens if the debt limit is not raised ?</p><p>Well the gov't will be unable to borrow more and will have to survive on the incoming tax revenues, which do not stop.</p><p>I think some call it "living within your means ".</p></blockquote><p></p>
[QUOTE="Babagounj, post: 857821, member: 12952"] bhos is and has always been a follower. Never a leader. What happens if the debt limit is not raised ? Well the gov't will be unable to borrow more and will have to survive on the incoming tax revenues, which do not stop. I think some call it "living within your means ". [/QUOTE]
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