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Bill would force Obama to pay Social Security, military if US defaults
The Hill ^ | Ju+ | Alexander Bolton

Posted on 07/24/2011 2:14:26 PM PDT by don-o

Tea Party conservatives hope to make a push on the House floor to force President Obama to avoid a national default if Congress fails to raise the debt limit.

Members of the Senate Tea Party Caucus have met with House freshmen to discuss a plan to pressure House Speaker John Boehner (R-Ohio) to bring the Full Faith and Credit Act to the floor.

The legislation would direct Obama to prioritize federal payments to the nation’s creditors, Social Security recipients and soldiers serving in Afghanistan and Iraq.

The bill has been revised since it was introduced earlier this year. The previous version simply required the Treasury Department to pay the principal and interest on the debt held by the public over other obligations incurred by the federal government.

(Excerpt) Read more at thehill.com ...


TOPICS: News/Current Events
KEYWORDS: debtceiling; debtlimit; default; fullfaithandcredit; planners; police; socialworkers; teachers
Box him in
1 posted on 07/24/2011 2:14:30 PM PDT by don-o
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To: don-o

Are veterans included in that?


2 posted on 07/24/2011 2:17:08 PM PDT by 2ndDivisionVet (I'll raise $2million for Gov. Sarah Palin. What'll you do?)
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To: don-o

I would let obama and geithner determine the priorities of the top 50% of obligations that get paid

Then publicize their decisions over and over so those NOT getting paid who IS getting paid as Barry’s priority


3 posted on 07/24/2011 2:17:46 PM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: don-o

Members of the Senate Tea Party Caucus have met with House freshmen to discuss a plan to pressure House Speaker John Boehner (R-Ohio) to bring the Full Faith and Credit Act to the floor.

Why should they have to do that if Boehner is really representing True Conservatives and is not a Caving RINO.

This Super Congress idea needs to die in a blazing tea party fire.


4 posted on 07/24/2011 2:19:15 PM PDT by RummyChick
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To: don-o
"The legislation would direct Obama to prioritize federal payments to the nation’s creditors, Social Security recipients and soldiers serving in Afghanistan and Iraq. "

As per usual, the devil is always in the details. If Buckwheat deliberately witholds payment from service members in the rest of the world (excepting those in Iraq and Afghanistan) it's going to get REAL interesting. I dare him.

5 posted on 07/24/2011 2:25:04 PM PDT by matthew fuller (Forget impeachment- Extradite obama, biden, napolitano, muller, clinton and holder. Country saved!)
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To: don-o

The checks will go out regardless. Agencies will be cut and then paid retroactively. Interest on our debt will rise. Like it matters to this socialist asshat anyway.


6 posted on 07/24/2011 2:25:11 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: RummyChick

This comes from the Senate TeaParty Caucus directed to the House TeaParty Caucus

There’s assymetrical war going on. I have hope.


7 posted on 07/24/2011 2:28:42 PM PDT by don-o (Abolish FReepathons. Be a monthly donor.)
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To: don-o

The House majority needs to just go home. Let Bambi exact his revenge wherever he wishes.


8 posted on 07/24/2011 2:33:13 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: 2ndDivisionVet

Military retirees pay arrive to the banks/credit unions 4-5 days prior to the 1st of the month.

Some banks/cc’s post the amount that is pending 4 days ahead of time to let you know the money is there. The pay is posted on the 1st of the month, earlier if the 1st is on a weekend or holiday.

Retiree pay arrives prior to 2 Aug, I do not know when veterans disability checks are deposited.


9 posted on 07/24/2011 2:48:19 PM PDT by bushpilot1
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To: 2ndDivisionVet

Pending ACH Company Date* Amount

No Pending ACH Items

* Deposits may post sooner than date displayed.

This is a copy my online pending deposits.


10 posted on 07/24/2011 3:00:20 PM PDT by bushpilot1
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To: matthew fuller

I wonder if the WH knows what happened when Rome refused to pay their military. He best look into it.

The government is collecting taxes, specifically collected for SS. They best pay it back.


11 posted on 07/24/2011 3:05:19 PM PDT by RC2
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To: don-o

The article says that the bill would ensure payment of military salaries... payment of salaries to military overseas only... and payment of salaries to military in Afghanistan and Pakistan only.

Which is it?!? Geez, talk about shoddy reporting.


12 posted on 07/24/2011 3:06:17 PM PDT by gogogodzilla (Live free or die!)
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To: don-o

That might be a great bill, if it contains no trash like spending for other depts. or regulations in it.


13 posted on 07/24/2011 3:20:44 PM PDT by familyop ("Plan? There ain't no plan!" --Pigkiller, "Beyond Thunderdome")
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