But the bottom line is that the debt ceiling is a fiction that is created by statute. And the problem is that If you don't make your payments on the debt, you have defaulted on the national debt. And that is the big danger. And so when we have, it is dangerous for our country, it is utterly dangerous. (09:29–09:36)
CLAIM
Asserts that failing to make debt payments constitutes a default on the national debt.
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