It can pay off the bonds out of other incoming tax revenue as well.

FORBES: Addressing The Various Debt-Limit Delusions

Consider, first, how some debt analysts insist that the U.S. could prioritize the use of incoming tax revenues, and pay interest on the national debt first.

FORBES: Debt-Ceiling Gimmickry Is Unbecoming A Rational Government

So we are left with President Obama threatening to default on national debt interest, Social Security benefits, and paychecks for troops and their families if Congressional Republicans do not go along with his demand for trillions more in additional national debt with no spending controls, even though there is plenty of money in incoming tax revenues to pay all of these most urgent obligations.

FORBES: Addressing The Various Debt-Limit Delusions

The highest tax rate for individuals and businesses in Iraq's incoming income tax code will be a mere 15%.

FORBES: Fact and Comment

"These families should not be punished for the failure of Congress to act for the last two years since our first call for an increase in the minimum wage, " said Clinton, who accused GOP lawmakers of "milking" the issue with hopes of gaining larger tax cuts under the incoming administration of George W. Bush.

CNN: Clinton offers 'thank you' for union support

The National Federation of Independent Business, the U.S. Chamber of Commerce and the Small Business Legislative Council, worried the incoming Democratic Congress would look to raise revenue by narrowing the "tax gap, " formed the coalition in December.

FORBES: Magazine Article

That part of the document will be of interest to the incoming government in Dublin, as the Republic has faced pressure from other European countries to raise its comparatively low corporation tax rate.

BBC: Eurozone to consider closer economic scrutiny