GOP Tea Party Caucus to Push Bill That Would Force Obama to Pay Creditors, Social Security Recipients & Military in Case of Default
The Congressional Tea Party Caucus is pushing a bill that would force Obama to pay American creditors, Social Security recipients and soldiers serving in Afghanistan and Iraq in case of default. The bill would also force Obama to quit playing games with seniors.
Last week Obama told CBS that he could not guarantee that Social Security checks would go out if the budget went into default.
The Hill reported:
Tea Party conservatives hope to make a push on the House floor to force President Obama to avoid a national default if Congress fails to raise the debt limit.
Members of the Senate Tea Party Caucus have met with House freshmen to discuss a plan to pressure House Speaker John Boehner (R-Ohio) to bring the Full Faith and Credit Act to the floor.
The legislation would direct Obama to prioritize federal payments to the nation’s creditors, Social Security recipients and soldiers serving in Afghanistan and Iraq.
The bill has been revised since it was introduced earlier this year. The previous version simply required the Treasury Department to pay the principal and interest on the debt held by the public over other obligations incurred by the federal government.
The challenge for conservatives is to persuade Boehner to bring it up for a vote in the ten days remaining before the Aug. 2 deadline.