NanoViricides Inc. (NNVC)

[JG36]

There may be a short term shutdown of "nonessential" government programs during the debt limit debate. But congress will raise the debt level as they always have. None of this is of any relevance to NNVC.

Congress will not pay down the debt for the simple reason that that is impossible. To pay down the debt you'd at least have to balance the budget, since if it's in deficit you by definition are increasing the debt, not decreasing it. To balance the budget with income tax increases the income taxes would have to double. That is politically infeasible. To balance it with spending cuts you'd have to cut about $800 billion per year of federal spending. Congress would consider cuts 5% that size to be drastic and draconian. And frankly, the public wouldn't stand for the sharp cuts in entitlement spending that would be necessary.