One sentence explanation on a U.S. sovereign debt default
If there is n0 increase in the debt ceiling, the United States will not default on its debt, period!
Despite the fear mongering and misinformation emanating from the White House and Democrats, the debt service on US treasury debt would be paid and non-essential programs and departments would be the places where funding would have to be cut.
Do not listen to that man behind the curtain as he is using this debt ceiling debate purely for political gain. No more no less.
Note: The networks should be charging him for these prime time talks as these are political announcements covering absolutely no new ground.
Maybe five or six.
Delivery options for The Political Commentator (free of course):