The debt will be paid on time, as always.
Once the Treasury runs short of money the White House has full discretion to keep paying the debt but not pay other obligations like Medicare providers, Social Security, or military pensions or pay, which is the real goal of extremist Republicans - a shrunken all-volunteer Army with no entitlements for retired Americans.
June 15 estimated tax payments are due which will provide some more time to see if any members of the Freedom Caucus get into any fatal accidents.
The real problem is while there are enough bipartisan votes to pass the McCarthy-Biden Compromise, the Freedom Caucus with one vote will vacate Kevin McCarthy from his position as Speaker of the House, maybe even before they allow a vote on the silly debt ceiling.
It's again going to a Freedom Caucus pandemonium and like Matt Gates said, "We don't see a need to negotiate with the hostage." They're dead-enders.
We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.
