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The right-wing media is now claiming that the U.S. could prioritize payments to bondholders as a way to avoid default, instead of raising the debt ceiling.
Actual experts prove that’s a complete a total lie:
Treasury Secretary Jack Lew: If Debt Ceiling Not Raised, ”We Will Be In Default.”
Moody’s Mark Zandi: Failure To Pay Any Obligations Is “Default In Anything Perhaps But Name.”
Economist Jared Bernstein: If Treasury Pays Creditors Over Other Obligations, “That Is Default By Another Name.”
Paul Krugman: Even If U.S. Could Prioritize Debt Payments, Economy Could Enter Recession.
Former Labor Secretary Robert Reich: Claim That U.S. Won’t Default Is “Crazy Talk.”
Center On Budget And Policy Priorities: Debt Prioritization Is Just ”Default By Another Name.” 

The right-wing media is now claiming that the U.S. could prioritize payments to bondholders as a way to avoid default, instead of raising the debt ceiling.

Actual experts prove that’s a complete a total lie:

Treasury Secretary Jack Lew: If Debt Ceiling Not Raised, ”We Will Be In Default.”

Moody’s Mark Zandi: Failure To Pay Any Obligations Is “Default In Anything Perhaps But Name.”

Economist Jared Bernstein: If Treasury Pays Creditors Over Other Obligations, “That Is Default By Another Name.”

Paul Krugman: Even If U.S. Could Prioritize Debt Payments, Economy Could Enter Recession.

Former Labor Secretary Robert Reich: Claim That U.S. Won’t Default Is “Crazy Talk.”

Center On Budget And Policy Priorities: Debt Prioritization Is Just ”Default By Another Name.” 


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  6. sethshead reblogged this from dorkstranger and added:
    Prioritization is neither legal nor practical. We’ve been over this, guys. Please pay attention and catch up.
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