Forget the media! Here’s what gets funded if the Treasury has to prioritize

This may be the best report we’ve read on the Debt Ceiling impasse so far .

If you want to pay

Interest on Treasurys $29.0Bn
Social Security Benefits 49.2Bn
Medicare/Medicaid 50.0Bn
Defense Vendor Payments 31.7Bn
Unemployment Benefits 12.8Bn

Then you can’t pay these (partial list)

Military active duty pay 2.9Bn
Veteran affair benefits 2.9Bn
Federal salaries/benefits 14.2Bn
Dept. of Education/ Pell grants/Special Ed 20.2Bn
Dept of Justice/FBI 1.4Bn
Dept. of Labor/ training, employment services 1.3Bn
Health and Human Services 8.1Bn
……………..

There's more at http://stonestreetadvisors.com/2011/07/24/bipartisan-policy-centers-debt-limit-analysis/