The GOP legislation is most strongly supported by rigidly conservative House Republicans like McClintock, Steve Scalise of Louisiana and Scott Garrett of New Jersey. The idea for such GOP conservatives is that it's more important to make sure the government doesn't default on the "sovereign debt" owed to creditors than make payments on other obligations.
"Paying sovereign debt is not the same thing as borrowing money so that this institution and this town can continue to spend money," said Rep. Jeb Hensarling, R-Texas.
Democrats jumped on an interview with House Speaker John Boehner, R-Ohio, likening the measure to a bankruptcy proceeding.
"Those who have loaned us money, like in any other proceeding, if you will, court proceeding, the bond holders usually get paid first. Same thing here," Boehner told Bloomberg Television.
"This bill means that the United States of America will voluntarily act like a bankrupt corporation and pay China before we pay our troops. How sad," said No. 2 House Democrat Steny Hoyer of Maryland.
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