GOP Plan: No more borrowing and no default!Submitted by robbjerk on Sat, 04/30/2011 - 22:30
House Republicans hope to take possibility of a government default on U.S. debt off the table in the impending fight in Congress and the White House over raising the debt ceiling.
Their plan is simple, to mandate that the government pays the national debt first from receipts, and then all other spending would come after that.
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