The Patriot Post® · Your Budget vs. Federal Budget

According to Treasury Secretary Jack Lew, “No one knows with certainty how bad the consequences are if we cross the line. … You know, if you want to think of it in terms of an American household, when a family can’t pay all its bills, if it doesn’t pay its mortgage, it’s in big trouble. If it doesn’t pay its electric bill, it’s in real trouble. If it doesn’t pay its credit card bill, it’s in real trouble. There’s no good solution if you can’t pay all your bills. And the United States government is not just another party. It is the gold standard in terms of what full faith and credit means.”