Rand Paul: Above All Else, Pay the Crony Banksters Their InterestSubmitted by Neotheone on Tue, 01/22/2013 - 20:38
Senator Rand Paul wants crony banksters and anyone else who supports the state by buying US government securities to be first in line for your tax dollars.
This afternoon, Sen. Paul introduced the Default Prevention Act, which would require the President to prioritize federal revenue to interest on the national debt.
“Some of my Republican colleagues in the House have decided to surrender to the Democrats’ annual plan to increase the debt ceiling. I believe we should stand and fight for a Balanced Budget Amendment to the Constitution before we raise the debt ceiling. My legislation takes the possibility of default off the table so we can continue to push for fiscal restraint. There is no reason the government would – or should – responsibly consider the idea of default,” Sen. Paul said.