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That possibility is not raised by the documentary.
So what happens to government spending if the debt limit is not raised?
The only defensible option for the president if the debt ceiling is not raised is to disregard the debt ceiling.
If the debt ceiling is not raised, he will have to violate one of these constitutional imperatives.
Moody's believes the Treasury would give interest payments high priority in the unlikely event the debt ceiling is not raised.
But, he added, if the money is not raised, Edison will abandon its plans for the city.
Whatever else the 2012 election would be if the debt limit is not raised in a timely fashion, it would not be a normal case.
Yields on short-term government debt climbed as investors worried about the possibility of a default if the debt ceiling is not raised.
If it is not raised, the government will go into default, which could have a disastrous effect on the credit markets and the economy.
And would you also spell out for us what you believe will happen if the debt ceiling is not raised by that date?
But if the debt limit is not raised, it will not cut the nation's deficit or allow the government to get out of its existing obligations.
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