Republicans like China and Financiers More Than American Citizens
The latest plan from the Republicans regarding the debt ceiling is pay back interest on Treasury bonds to China and financial institutions. Here is a money graf from TPM's Brian Beutler:
If passed, Toomey's plan would require the government to cut large checks to foreign countries, and major financial institutions, before paying off its obligations to Social Security beneficiaries and other citizens owed money by the Treasury -- that is, if the U.S. hits its debt ceiling. Republican leaders insist they will raise the country's debt limit before this happens. But first, they're going to try to force Democrats to accept large spending cuts, using their control over the debt limit as leverage. That means gridlock, and the threat that they'll come up short.
What's really disgusting here beyond the fealty to corporate entities and foreign nations is that the US has never defaulted on its bond payments. Toomey is rooting for us to default on bond payments for the first time in our nation's history since the approval of the Constitution--and to dishonor our citizens.
All I can say in addition to the above is that I can't wait to hear from the older white people who belong to the Tea Party Express what they think of their candidate now...Probably nothing. I wonder, can FoxNews really ignore this? My search for this information at FoxNews.com revealed nothing yet on this story. We'll see when it appears and how it is played...