GAO: Failure to raise debt ceiling need not lead to default

GAO: Yes, We Stand By Our Prior Ruling That, To Avoid a Default, the Government May Prioritize Interest Payments on Debt Over Current Government Spending

Ace Ace of Spades HQ 5/12/2011

This is what the GOP keeps saying– that if the debt ceiling is not raised, it does not mean a default, because the government […]