Congratulations... You have mislead your whole audience on the debt ceiling debate!

Joe Weisenthal in the segment "Tackling the coming Debt Ceiling Crisis" Jan 11, 2013. Failure to raise the debt ceiling does not cause a default on the bond interest unless the President orders that result. With out a debt ceiling increase the federal government will still be taking in about 2 Trillion in receipts. The interest on the bonds is far below the 2 Trillion in revenues. The president will be in a position to set priorities and he CAN choose to default on the debt. Mr Weisenthal indicated how reckless that action would be but clearly Obama could do it. And by implication, the decision would be congresses fault. In effect, failure to extend the debt limit would simply force the administration to balance the budget in current terms. Is funding Big Bird considered buy the president as important as paying the interest on the debt. We may find out! How about getting the real facts out to your audience.