No debt ceiling increase doesn’t mean default: Letters

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Opinion: No debt ceiling increase doesn’t mean default: Letters

Re “House passes debt bill, pushed Biden for talks to cut spending” :

Federal tax revenues this year are projected to be about $4.7 trillion. Interest payments on the national debt are projected to be $640 billion, or less than 14% of tax revenue. A default is totally unnecessary, even without a debt ceiling increase. Tax revenue is more than six times that needed to pay the interest. So, any default would be intentional on the part of Treasury Secretary Yellen, because she has more than enough tax revenue to avoid it.

The proposed Senate Bill 274 to extend the ban on school suspensions and expulsions triggered a California high school memory. I was placed in an English class continually disrupted by three students practicing “willful defiance,” and the teacher did nothing. As a result, learning was impossible. I was forced to go to my counselor and demand a transfer. SB 274 is just one more reason to pull your kids out of public school … if you value education.

 

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