Blame Geithner, not the GOP, if the U.S. defaults

On the other hand, the US takes a lot more in in revenue than it does in interest payments, as this chart demonstrates.

So it’s obvious that the Treasury can make good on its bond payments.

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So then it’s a matter of law. Can Geithner prioritize interest payments over domestic spending.

There’s currently a law being proposed by the GOP that would mandate the Treasury pay interest payments first, but what if the didn’t get passed?

It turns out, Geithner doesn’t need a new law to prioritize interest payments.

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