Sep 28, 2021
Chuck Schumer claims we’ve never defaulted on the national debt, parroting one of Mitch McConnell’s big debt limit lies. Here’s the truth politicians don’t want you to know.
- Congress first defaulted in 1790. This wasn’t our last default.
- Hitting the debt limit means the Treasury can’t pay the bills while Congress keeps spending.
- The national debt is not a mortgage.