Democratic Underground - This Is What Gets Defunded If The Treasury Has To Prioritize Payments

This Is What Gets Defunded If The Treasury Has To Prioritize Payments [View All]

FourScore

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Wed Jul-27-11 01:08 AM
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This Is What Gets Defunded If The Treasury Has To Prioritize Payments

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Edited on Wed Jul-27-11 01:37 AM by FourScore

You can follow the links and try to create your own scenario, but the point is that prioritizing is pretty much impossible.

This Is What Gets Defunded If The Treasury Has To Prioritize Payments
Joe Weisenthal | Jul. 25, 2011, 7:00 AM | 12,477 | 107

It's been assumed -- but never confirmed -- that if we hit the debt ceiling, that The Treasury could prioritize payments, continuing to make bond coupon payments and entitlements, while shutting off other spending.

The Bipartisan Policy Center has put together a presentation http://www.bipartisanpolicy.org/sites/default/files/Debt%20Ceiling%20Analysis%20FINAL.pdf on the debt ceiling, and what prioritization would look like (via Stone Street Advisors)...

SNIP

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This Is What Gets Defunded If The Treasury Has To Prioritize Payments [View All]