Thursday, July 28, 2011

REPUBLICANS SEEK TO ENSURE SOCIAL SECURITY AND MILITARY PAT IN SPITE OF OBAMA'S SCARE TACTICS

GOP Bill Would Prioritize Payments to Debt Interest, Social Security and Military Pay
By James Zilenziger 
CNSNews.com


A group of congressional Republicans unveiled the "Ensuring the Full Faith and Credit of the United States and Protecting America’s Soldiers and Seniors Act" on Tuesday. The legislation would require the Treasury secretary to prioritize payments on interest on the national debt, Social Security and military pay.

"What our bill would do is it would instruct the Treasury secretary in the event that the debt ceiling is not raised prior to August 2 to make certain obligations priorities so that they will be paid in full, on time, and without delay," Sen. Patrick Toomey (R-Pa) said during a Capitol Hill news conference announcing the legislation.


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