Posted on 10/04/2013 4:50:08 AM PDT by Oldeconomybuyer
With the government shuttered and a deadline for raising the debt limit just two weeks off, anxious Republicans began steering the party away from a dead-end debate about the health-care law and toward discussion of a broader deal to reduce the nation’s debt.
Given that a bloc of hard-line conservatives is unlikely to vote to increase the limit under any circumstances, Boehner has told fellow Republicans that they must craft an agreement that can attract significant Democratic support.
(Excerpt) Read more at washingtonpost.com ...
There was never any doubt. We will have to wait until 2015 and a new Speaker to actually do anything beyond the budget right now.
No, we just know that a drunk that is being blackmailed is not going to be a Spartan Warrior.
You seem confused. It is not spin, it is the law, hence the House passing a bill to force interest payments to the front of the line.
Your theory about which party would pay the price may be correct but is irrelevant to your previous claim that the treasury MUST pay interest first.
K, I’ll see your “confusion” and raise you ignorance.
The 14th Amendment (in part) reads:
“Section 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.”
http://www.market-ticker.org/akcs-www?post=224834
IMO this means interest on the debt, SS, and defense must be paid first.
Then consider:
“It may be a moot question; Treasury’s computer system may not be capable of selecting some bills to pay while ignoring others (although interest payments, which are handled by a separate computer system, may be an exception).”
This indicates interest payments are excepted from treasury payment deliberations. A priori.
So the interest must be paid and it is paid first. Got it? Anything else is on Obama and the Dems.
Is O-care really worth it?
True dat.
See the article linked right above your post.
“Your opinion” isn’t law.
I agree it would be crazy for the dem treasury sec Lew to refuse to pay interest first but if you look at what was said the last time, they intended to do just that. Claiming in fact that they were not even allowed to prioritize.
As for ignorance you continue to show yours as you substitute your opinions for the facts. The House didn’t pass a bill forcing treasury to prioritize debt payments just for shits and giggles.
Geez did you even read the article you linked to?:
But when that X Date arrives, one fact is certain: the Treasury Department will not have enough cash to pay everyone who is supposed to be paid. As such, some people and organizations would risk not getting paid.
Some have suggested that Treasury prioritize certain payments over others. In other words, the government would pay some bills in full and on time, but not others. Presumably, interest would be paid on the nation’s outstanding debt first, but how would officials decide who gets paid and who does not? It may be a moot question; Treasury’s computer system may not be capable of selecting some bills to pay while ignoring others (although interest payments, which are handled by a separate computer system, may be an exception).
how does the GOP exist in DC?
from what I have seen, all staffers are democrats or leftist rinos at best.
I think you answered your own question. (ie the GOP are mostly leftist and rinos).
There are some good Tea Party ones there, I don’t know how they survive.
And there-in lies the greatest flaw....”authorized by law”.
S.S. and the like are ‘law’, but they are Unconstitutional, and should thus be void/ignored. By the 13th A. alone, no being is to be (financially) enslaved on the promises and unlawful acts of Congress.
Let’s not argue over semantics when the debate is flawed from the start.
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