The President is doing his best to frighten Americans and our creditors by claiming if the GOP does not capitulate to his demands and "cleanly" raise the debt ceiling we will default on our debt, damaging forever the full faith and credit of the United States. Simply put, that is a lie!

In fact we are already over the debt limit and the sky hasn't fallen. The present debt limit is $16.999 trillion. According to Treasury Direct, the Dept. of Treasury's website the US has already surpassed the debt limit by over $47 trillion.
LINK