Before a last-minute deal averted what would have been the nation's first-ever default in 2011, it was widely expected that the government would continue making its debt payments and honor its obligations to Social Security and Medicare recipients, while deeply cutting spending on non-essential federal workers and state and local governments, as well as contractors, in the early going.The Treasury Department never disclosed what contingency plan it would have put into effect if the government had been forced to decide which of its 80 million monthly payments to continue making and at what pace.
SPIN METER: Obama And His Social Security Warning
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