$250 billion in monthly revenue
-$22 billion in monthly interest on current debt
-$76 Billion in mandatory spending (S.S., Medicare, etc...)
-$75 Billion/mo in Defense
=$42 Billion available for "other discretionary" spending
Why would our president allow a "Default" (or even talk about one) given the math? Could it be that he benefits politically from the "crisis mentality"?
Yet somehow we (i.e., the U.S. taxpayers) currently borrow $105.83 BILLION dollars per month to run the federal government. Where does that money go?
Source: Missing Money