May 16, Default Or Not Default
Default or not default: that is the question
That gives financial markets indigestion.
McCarthy says he won’t pass Biden’s budget.
Instead, “Don’t pay some bills,” is his suggestion.
McCarthy says he won’t approve a budget.
Our treasurer says that she cannot fudge it.
But, if we do not raise our credit ceiling,
“Catastrophe!” is how all critics judge it.
Republicans won’t raise our credit ceiling;
Hypocrisy is what they should be feeling.
For, under Trump they passed a clean debt limit
But now they’ll set the credit markets reeling.
When under Trump, they passed a clean debt limit.
The budget they passed then, they now say, “Trim it.”
They won’t pay bills that they have obligated.
But when such truth shines brightly, they say, “Dim it.”
The Donald says, “Don’t pay what’s obligated.”
He adds, “To pay your debts is over-rated.”
For records show that Trump is a defaulter
And brags of obligations he’s evaded.
What if the USA is a defaulter,
“… validity of public debt,” assaulter? (1)
Default or not default: that is the question.
We’ll be a deadbeat nation if we falter.
- See the XIVth Amendment, Section 4.