Paul Ryan Endorses 'Essentially Impossible' Scheme To Avoid Debt Default

From ThinkProgress Thu Jan 17 2013, 14:30:59

Republicans anxious to avoid a debt default without actually raising the nation's debt limit have proposed a scheme that would, in their eyes, allow the government to prioritize debt payments, paying off holders of U.S. bonds first and other programs after. The Bipartisan Policy Center has called such a plan "essentially impossible," noting that Treasury's [...]

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