By Foster Friess
But when the debt ceiling debate returns in February we will hear otherwise from the Chicago-bred, Washington DC Democratic elite.
The U.S. government takes in an average of $225 billion a month. Monthly interest costs average approximately $18 billion. That means we can prevent default and still have $207 billion left over. There is not even a remote chance of being unable to pay the interest.
Nevertheless, we’ll soon hear warnings that America’s credit rating will suffer i...