THE FIRST RECIPIENTS OF THE TREASURY’s TAX RECEIPTS ARE THE FED BANKS TO PAY INTEREST ON THE DEBT
_____________________________________________________________
This is false. It is completely up to the treasury secretary what get’s paid and in what order. Starting in 2011 and several times since then the House passed a bill that would force treasury to pay interest first. Reid and Nobama both said they would never sign it.
I’m in favor of holding the line on the debt ceiling just pointing out the facts.
That’s the spin however debt payments are not dismissable whereas payments to government and citizens recipients are. If interest payments are missed what do you think that would do to the interest rates and funding of all future government spending programs -the primary recipients being Democrats? See, the interest WILL be paid otherwise the Dem party, platform, base and will end.