U.S. Debt Ceiling - Not What Yellen Would Have One Believe

Discussions have begun about the U.S. debt ceiling - much of it based on fallacies and almost all avoiding common sense. Most of the fallacies and f-e-a-r injection is from Yellen in order to try to pressure the U.S. Congress into rolling over and giving them what they want.

This article is from a former senior FED buyer and explains the actual mechanisms and methods that can be used to deal with the situation. Left out of even this article is common sense. The U.S. government continually has money coming into its coffers via taxes. They never have to have a raising of the debt limit or be at risk of default. Just like any family would do, they simple need to spend less than they take in. A good starting point is to stop sending billions of dollars to corrupt, totalitarian governments like Ukraine. The next huge difference would be to quit supporting the millions of illegal aliens on the public dole.