Monday, July 18, 2011

Fiscal Fairyland

I endorse this editorial at

The subject is about the debt ceiling. Democrats claim every election cycle that Republicans want to cut Social Security to scare experienced voters to the Dark Side. However, it was Clinton that levied taxes on Social Security and now Obama threatens no Social Security checks because he can not guarantee there will be money in the coffers.

Isn't the reason there is a discussion of raising the debt ceiling because we already do not have money in the coffers? Isn't this just an argument of how many bad checks we agree to write? Or is this an argument of how much more money will be printed to cover the bad checks?

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