Monday, January 31, 2011
Pay China and Big Banks before grandma
Such is the "brilliant" thinking of Pat "Bag of Rocks" Toomey, Teabagger senator from Pennsylvania. His plan would keep the US from defaulting on its debt to other countries and domestic rich folk while making sure your parents and gramdparents would not be able to pay for heat, housing, food and/or medical needs.
"I intend to introduce legislation that would require the Treasury to make interest payments on our debt its first priority in the event that the debt ceiling is not raised," Sen. Pat Toomey (R-PA) wrote in a Friday Wall Street Journal op-ed.With "Bag of Rocks" as with all Republican/Teabaggers, the solution always comes back to screwing those with the least.
If passed, Toomey's plan would require the government to cut large checks to foreign countries, and major financial institutions, before paying off its obligations to Social Security beneficiaries and other citizens owed money by the Treasury -- that is, if the U.S. hits its debt ceiling.
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