Republicans Passed Debt Ceiling Bill That Democrats Think Is The Dumbest Idea EverSubmitted by emalvini on Thu, 05/09/2013 - 15:36
Republicans Passed Debt Ceiling Bill That Democrats Think Is The Dumbest Idea Ever
Brett LoGiurato | May 9, 2013, 2:29 PM
Republicans in the House of Representatives passed a debt prioritization bill on Thursday that one leading Democrat called one of the worst ideas that has ever been brought for consideration in the House.
The bill, which passed the House by a 221-207 vote, has already earned House Speaker John Boehner a fair amount of political criticism.
The bill would prioritize the nation's payments once the debt ceiling is reached. It would direct the U.S. Treasury to pay bondholders to avoid immediate default.