Heard this on one of the national radio networks just now at the top of the hour, ABC (Always Bastard Communists) Radio I believe. Trying to scare the American People when the REAL SCARE will be when we have absolutely NO FEDERAL MONEY IN THE NATIONAL TREASURY TO REPEL A RED CHINA ASSAULT ON TAIWAN AND/OR JAPAN.
The House has to pass H.R. 2402 and send it to the Senate before they send anything else over there.
H.R. 2402 mandates that the interest, Social Security and Medicare and the military get paid if the debt ceiling isn’t raised. Democrats can’t vote against it. Think of the campaign adds saying they voted against paying Social Security, Medicare, and the military.
HR 2402 takes that tactic away from Democrats and the MSM.
Here’s the Bill:
HR 2402 IH
112th CONGRESS
1st Session
H. R. 2402
To specify the priority of the obligations of the United States Government if the debt ceiling is reached.
IN THE HOUSE OF REPRESENTATIVES
June 24, 2011
Mr. WEBSTER introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To specify the priority of the obligations of the United States Government if the debt ceiling is reached.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘Prioritize Spending Act of 2011’.
SEC. 2. PRIORITY OF PAYMENTS IF THE DEBT CEILING IS REACHED.
In the event that the debt of the United States Government, as defined in section 3101 of title 31, United States Code, reaches the statutory limit, amounts necessary for obligations incurred by the Government of the United States shall be made available to the following obligations before all other obligations and shall be made available as prioritized in the following order (with items listed in descending order of prioritization):
(1) Amounts necessary to carry out the authority of the Department of the Treasury provided in section 3123 of title 31, United States Code, to pay with legal tender the principal and interest on debt held by the public.
(2) Such amounts as the Secretary of Defense (and the Secretary of Homeland Security in the case of the Coast Guard) determines to be necessary to continue to provide pay and allowances (without interruption) to members of the Army, Navy, Air Force, Marine Corps, and Coast Guard, including reserve components thereof, who perform active service.
(3) Such amounts as the President certifies to the Congress are necessary to carry out vital national security priorities.
(4) Amounts necessary to carry out the authority of the Commissioner of Social Security to pay monthly old-age, survivors’, and disability insurance benefits under title II of the Social Security Act.
(5) Amounts necessary to make payments under the Medicare program under title XVIII of the Social Security Act.