Amazingly, Sec. Geithner said last Sunday that there wasn’t a contingency plan in place – just in case the debt ceiling wasn’t raised.
That’s so unbelievable that I assume he was lying to avoid the politics of disclosing what would and would not be paid,
Good news for Geithner: the Bipartisan Policy Center & Bloomberg have put together an interactive planning tool so that he (and you) can use to prioritize claims … that is, who gets the $172.4 billion that will be coming in during August.
First, read through the excellent “Debt Limit Analysis” done by the Bipartisan Policy Center.
Then take a shot with the “Interactive Debt Prioritizer”.
Finally, read the NYT’s summary Q&As re: the debt ceiling, default, etc. I think it’s a pretty fair recap of the issues
Thanks to AS for feeding the lead
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