Let's talk about what prioritization actually entails.
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Everyone agrees that not paying our national debt coupon payments would be financial catastrophic, but conservatives point out that the US government takes in far more money each day than it spends on interest payments. Ergo, all the Treasury needs to do is "prioritize" payments, so that bondholders get paid first.
However, if you follow the GOP's line on this, then Obama has an easy victory.
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