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?