Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: familyop; TheBattman
Congress will continue the insane amounts of government spending for their locales, so the default and repudiation are inevitable.

What the 14th Amendment appears to say, is that the public debt of the US must be paid, as a priority senior to all other obligations.

Put another way, the revenue of the US will be applied to the debt. Any money left over will go to legally-mandated appropriations like Social Security. Any money left over from that will be available to fund things like Defense, Education, etc.

18 posted on 07/13/2011 5:31:59 PM PDT by PapaBear3625 (In the land of the pigs, the butcher is king.)
[ Post Reply | Private Reply | To 15 | View Replies ]


To: PapaBear3625

Thank you for making that more understandable. I only wish Congress would do that instead of participating in the political corruption and squandering the future away.


20 posted on 07/13/2011 10:19:07 PM PDT by familyop (We Baby Boomers are croaking in a thunderous avalanche of rottenness smelled around the earth.)
[ Post Reply | Private Reply | To 18 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson