Let me make this very clear. If by August 2nd the Debt Ceiling is not raised, there will still be money comming into the Treasury. The Secretary of the Treasury decides who and what gets paid with this money. The Secretary of the Treasury works at the pleasure of the President. Therefore, IT IS PRESIDENT OBAMA WHO WILL DECIDE IF SOCIAL SECURITY, MILITARY, AND OTHER GOVERNMENT PAYMENTS ARE MADE. Read that last sentence again.
Who decides who gets paid?
We do not have to default. We do not have to withhold Social Securtiy Checks. President Obama will decide.
Next question: why hasn't the President or any Democrat made any specific proposals (other than tax increases) which would be acceptable? Why have they not put forth on paper specific items? The Republicans have. So how does anyone negotiate without knowing what's open for discussion? To only say Social Security, Medicare and Increasing Taxes are off the table is not a plan which allows anything to move foreward.
When we the American People get actionalble specifics rather than scare tactics?
Why has the Senate, under Democrat Harry Reid, not passed a budget in 2 years? They haven't even brought a budget out of committee!