In my opinion, the President needs to have a news conference and report to the American people what benefits would stop to prioritize paying our debt, because of the GOP default.
Benefits that could be affected:
Social Security payments
Veteran benefit payments
Active-duty military salaries
It's crazy we're even talking about this and that our government is warning recipients, but we are dealing with bat crap crazy tea baggers and it appears they are willing to destroy the country they profess to love.
Outlining a plan on how the administration would handle an unprecedented GOP default might generate the public outrage that's needed to wake these extortionist up. I want to be more hopeful, but these people are unreasonable and ignorant fools.
The government is expected to hit the current federal debt limit on Oct. 17. If the ceiling isn’t increased, the government will be limited to spending only the cash it has on hand and coming in the door, and the Treasury Department will have to decide who gets paid and who gets left in the lurch. (Interest payments on the existing federal debt would be likely to get top priority.) A Social Security spokesman tells Paletta that the agency began issuing its warning to retirees and other inquiring parties after consulting with Treasury officials.
Similar warnings could be issued to recipients of just about any kind of federal benefit, of course. But the roughly 46 million people who receive Social Security retirement and spousal benefits represent a large, often vulnerable and particularly politically active slice of the citizenry.