Consider, first, how some debt analysts insist that the U.S. could prioritize the use of incomingtax revenues, and pay interest on the national debt first.
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 incomingtax revenues to pay all of these most urgent obligations.