I first saw this information over at a posting by Electablog on Dailykos. Apparently, Republicans would prefer paying off our debt to China before letting the elderly get their Social Security checks.
The AuburnJournal:
Some people like to think Tom McClintock doesn't care about the the elderly or anyone else who has to rely on public assistance of one sort or another. But I'll bet they didn't know how much. Enough to introduce a bill that prioritizes paying off our debt to China over their monthly checks.
HR 421, introduced by Tom McClintock and backed by House and Senate Republicans, would require the U.S. Treasury to pay China and other foreign creditors before anyone else - including Social Security recipients.
Under the McClintock plan, foreign debt holders will go to the front of the line while needy Americans would be forced to the back. The McClintock theory is that this would avoid a debt default....
OMG!
Would Republican Congressman Tom McClintock seriously try to stop paying Social Security with this legislation? Which members have signed on as cosponsors? You might recognize a few names.
Govtrack:
Cosponsors:
