MSNBC's Chris Hayes slammed House Speaker John Boehner and the Republican party for being foolish enough to play a game of political suicide with this latest proposal of theirs called the Full Faith and Credit Act, which would, as Democrats have rightfully been going after them for, mean that the United States would pay China before paying our troops if Republicans decide to keep playing more games on raising the debt ceiling.
House Speaker John Boehner (R-Ohio) on Tuesday essentially agreed with Democrats' arguments that a Republican bill to prioritize debt payments would put China before U.S. troops -- except he suggested that would be a good thing.
During an interview with Bloomberg TV, Boehner was asked about this week's vote on the Full Faith and Credit Act, which, in the event that the U.S hits its debt ceiling, would direct the treasury secretary to pay only the principal and interest owed to bondholders before making any other payments. Money for other payments, such as those for veterans, Medicare and national security, would have to be divvied up from what remained of the scarce federal funds.
Republican supporters of the bill maintain that the most important thing is that the nation won't default on its credit as as long as those interest payments are made on time.
"Our goal here is to get ourselves on a sustainable path from a fiscal standpoint," Boehner said. "I think doing a debt prioritization bill makes it clear to our bondholders that we’re going to meet our obligations."
When show host Peter Cook asked if Boehner's comments mean that, as Democrats have suggested, Republicans are basically choosing to pay China before paying U.S. troops, Boehner didn't disagree.
Republicans never cared about blowing mile wide holes in our budget until we got ourselves a Democrat elected as President. Now they're continuing to be willing to play with the full faith and credit of the United States government over a budget mess they helped to create to score political points with their wingnut base.
Rough transcript of Hayes letting them have it for this not only being bad policy, but really, really stupid politically below the fold.