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Sen. Rand Paul, R-Ky., and others advise the Treasury Secretary to prioritize America's debts to pay bond holders and Social Security first. Then the country could decide which other obligations could wait. He sounds like my high school economics teacher, Mr. Long, who told us if money was low, "first you pay for your roof; then you pay for your ride." Everything else could wait if it had to. That's sound advice for a teenager, not-so-much for a global super power responsible for the world's reserve currency.
