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Debt Prioritization

John Boehner and Paul Ryan's Clean Debt Limit Imperative: Raise and then Raze the Debt Ceiling (Part II)

Victor Williams | Posted 10.26.2016 | Politics
Victor Williams

Paul Ryan is living large. John Boehner is ready to double-dip from the links. Too bad Uncle Sam is bust. Within days, our great nation will be unable to honor its Treasury bond obligations and without funds to issue payments for Social Security, Medicare, Medicaid, Veterans, national defense, federal courts, or any other federal programs.

'Debt Prioritization' Is Simply Default by Another Name

Paul N. Van de Water | Posted 11.19.2013 | Politics
Paul N. Van de Water

Lawmakers shouldn't fool themselves: Simply putting bondholders at the front of the queue won't avert financial chaos or soothe creditors.