Imagine If Everyday Americans Handled Debt Like House Republicans - Solidarity!

[TomCADem]

6. Except That Congress Has Not Taken Social Security Away

As for debt, aren't loans essentially a contractual arrangement as well? In other words, I would not necessarily buy into the way Republicans are trying to frame the debate. The fact of the matter is that there is no law that even allows the President to prioritize payments in his discretion, because the assumption is that if it has been budgetted, the obligation will be paid. Republicans would like us all to accept the idea that Social Security and Medicare payments somehow have less priority than debt payments. Well, Republicans can certainly propose such a law, but the key is why go down this route?

The debt ceiling has nothing to do with authorizing spending. The spending has already been mandated by Congress.