U.S. Rep. Roger Williams of Austin, who joined fellow Republicans in voting not to raise the federal debt ceiling last week, said beforehand that even if the debt ceiling weren’t raised, “we are not going to default. We have $3 trillion in cash flow, so we can pay our bills.”
We wondered about that, mindful the U.S. Treasury secretary had speculated about the risks of the government not being able to borrow more money.
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The federal government “has $3 trillion in cash flow, so we can pay our bills” and won’t default.
Roger Williams on Oct. 11 in an interview as quoted in a news story.