there is now serious momentum behind a plan to refuse Obama but avoid default. The concept is that must-pay obligations, like interest on existing debts, payroll and other constant costs would go to the front of the line while long-term projects and money the government owes itself would go to the end of the line.
The White House warnings were based on the idea that the government would just run out of money and creditors, vendors and employees would just stop getting checks. Conservatives in the GOP are now suggesting that rather than default, the government do what cash-strapped individuals do: First pay crucial obligations but put off other bills until there is more cash.
As any bachelor can tell you, you pay the rent and the cable before the water bill. You can live without water for seven days, but no man has ever made it that long without television.
The White House warnings were based on the idea that the government would just run out of money and creditors, vendors and employees would just stop getting checks. Conservatives in the GOP are now suggesting that rather than default, the government do what cash-strapped individuals do: First pay crucial obligations but put off other bills until there is more cash.
As any bachelor can tell you, you pay the rent and the cable before the water bill. You can live without water for seven days, but no man has ever made it that long without television.
I bet Obamacare stuff is put at the bottom of the list for funding.
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