It involves making a prioritizing payments list by the Treasury Dept…..
The 2023 budget HAS BEEN approved by BOTH house’s of Congress and the President……
I would assume they will NOT agree to this….
Which has NEVER been done and shows how stupid the Freedom Caucus demands are…
One would think Democrats will fold their arms and hold out for a raised Debt Ceiling or, a shutdown dropped in the Republicans’ lap….
This, like the IRS funding vote , is just Bull Shit noise for their base thru media headlines….
Trump held out a few times…
Once for 45 days….
He ain’t President anymore….
Such a move would be unprecedented and hugely controversial, and even releasing the plan could turn into a major political liability for the GOP. A hypothetical proposal that protects Social Security, Medicare, veterans benefits and the military would still leave out huge swaths of critical federal expenditures on things such as Medicaid, food safety inspections, border control and air traffic control, to name just a handful of thousands of programs. Democrats are also likely to accuse Republicans of prioritizing payments to U.S. bondholders — which include Chinese banks — over American citizens.
“Any plan to pay bondholders but not fund school lunches or the FAA or food safety or XYZ is just target practice for us,” a senior Democratic aide said, speaking on the condition of anonymity to discuss a proposal that hasn’t yet been released publicly.
McCarthy and House conservatives intentionally left the details of the prioritization plan unsettled in their initial agreement, with the understanding that it could take weeks for Republicans to decide which federal spending programs must be protected, the two people familiar with the talks said, and amid uncertainty about the best way to draft the legislation.
The idea poses logistical hurdles as well. In 2011 and 2013, when similar debt ceiling crises loomed, Treasury Department officials in the Obama administration said prioritizing payments was not technically possible, given the complexity of the millions of payments the federal government makes each day.
For the plan to be binding on the Treasury Department, it would have to pass not only the House but also the Democratic-controlled Senate, and President Biden would have to sign it into law.
Even if it were enacted, a debt prioritization plan could still jeopardize the trustworthiness of the U.S. government, some experts say. The proposal would call for the government to halt payment for as much as 20 percent of money that it has already promised to spend….
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