House approves plan to pay creditors, Social Security if U.S. overshoots debt limit

[alp227]

Source: Washington Post

The Republican-controlled House narrowly approved a plan Thursday to protect U.S. bondholders and Social Security recipients if the nation breaches the federal debt limit later this year.

With every Democrat and eight Republicans voting no, the measure passed 221 to 207 and headed to the Democrat-controlled Senate, where it faces certain death. President Obama has threatened to veto the measure, which Democrats have dubbed the “Pay China First” bill.

Republicans argued that the bill would spare the nation from the worst consequences of default if Congress is unable to reach agreement on a plan to raise the federal debt limit. The measure would permit the Treasury to continue borrowing to pay interest to creditors in the United States and abroad and to write Social Security checks.

The White House and congressional Democrats countered that the proposal would prioritize payments to foreign governments ahead of deserving Americans, including active-duty soldiers, retired veterans and victims of disaster.

Read more: http://www.washingtonpost.com/business/economy/house-approves-plan-to-pay-creditors-social-security-if-us-overshoots-debt-limit/2013/05/09/741732a6-b8bd-11e2-92f3-f291801936b8_story.html

---

http://clerk.house.gov/evs/2013/roll142.xml

The eight Republican "noes":

Justin Amash (MI-3) - Tea Party libertarian who also voted against SOPA and CISPA
Charlie Dent (PA-15)
Chris Gibson (NY-19)
Michael Grimm (NY-11)
Walter Jones (NC-3) - he has also recently criticized the Iraq War see the youtube video /watch?v=gtPbQwO-hbA
Frank LoBiondo (NJ-2)
Thomas Massie (KY-4)
Frank Wolf (VA-10)

[Iliyah]

1. But these motherf***ers want

the military to fight their wars huh. How patriotic of them. GAWD bless their America!

[olddad56]

2. won't get past the Senate, just like everything else the House tries to do. They are obstructionists

[okaawhatever]

3. Thomas Massie from Kentucky is the one who introduced the Hemp Farming bill. He is rated as a

centrist Republican.

[Volaris]

4. If these loons want the Debt paid down so badly (ostensibly, because it's good for "business"),

then they can go ahead and raise taxes on the rich fuckers who OWN all the businesses that will benefit from less National Debt until such time as the Debt is paid off.

Besides, this was a weasel move to NOT raise the debt ceiling later in the year, and have that move NOT hurt SocSec reciepients (a lot of whom, wouldn't vote for them anymore if the GOP gave them the finger in such an obvious way).

[lark]

5. Their strategy:

Let's destroy the American worker, the entire economy (except for Wall. St., banks & military suppliers) and try to save our asses at the same time by protecting old folks who vote in droves.

My take - they are complete aholes and traitors and should be put in jail for the damage they are doing to our country.