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Sunday, July 31, 2011

"Your Check Isn't in the Mail"

If there is no deal on the debt ceiling issue by Tuesday, one thing is likely: America's debt holders will probably still get paid.

President Obama is empowered under the 14th Amendment of the Constitution to honor existing debt obligations and has reportedly already told bond holders that the US will use existing revenues to continue paying on those obligations to avoid a default.

However, the federal payments that a majority of Americans count on do not have the same protections.

Watch the video on the next page, and then take action.