Default? Under Obama, Tax Revenues Have Exceeded Combined Costs of Interest, Entitlements and Federal Wages | CNSnews.com

Default? Under Obama, Tax Revenues Have Exceeded Combined Costs of Interest, Entitlements and Federal Wages | CNSnews.com: "There is no way the U.S. government would need to default on its interest payments on the federal debt if the debt limit were not increased and the government allowed to borrow more money than it already has."