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To: central_va
The Secretary of the Treasury can/should/will pay the interest on the debt without the Presidents authority.

As I understand, paying the debt interest obligations is first on the pay list. Before anything else.
The monthly income into the government coffers is many times that needed to service the debt.

IOW for the Country to default on loans would require a conscience effort/edict to bring about. And I don't know if that is even possible.

If that is true then a default can be laid squarely at the feet on Zer0.

59 posted on 10/08/2013 10:20:46 AM PDT by Vinnie
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To: Vinnie; andy58-in-nh
You are both correct, if I understand any of this correctly, about the interest on the debt being the first item in line, legally. IANAL.

But, Obastard is an outlaw President. He has openly defied court decisions. Look at what his DoJ is doing with NC and TX: Challenging their election laws in the face of a SCOTUS decision to the contrary. He openly defied an appeals court ruling so he could close all the oil drilling in the Gulf of Mexico.

64 posted on 10/08/2013 10:29:26 AM PDT by Cyber Liberty (It's hard to accept the truth when the lies were exactly what you wanted to hear.)
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