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Not raising the debt ceiling may mean we 're in default, but it means we failed to make payments on principle or interest on the debt. Which is roughly 20 billion or so monthly, which we take in roughly 200 billion monthly in revenue. Which means technically we wouldn't go into default because we make money.
Which means... services like S.S., medicare, etc, etc, etc... will all be fine. It does mean the Gov will have to stop spending money, it does mean some people may not be paid in a timely manor because a service was cut related to it.... but it doesn't mean we go bankrupt, that the repo man comes, that china takes over, or any other stupid crap.
Them not signing this doesn't mean the money flow stops...
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