Regardless of what it is supposed to do, what the national debt-ceiling actually does is enable any administration to get all the political benefits of runaway spending for the benefit of their favorite constituencies — and then invite the opposition party to share the blame, by either raising the national debt ceiling, or by voting for unpopular cutbacks in spending or increases in taxes.Thomas Sowell, Debt-ceiling Chicken
Monday, August 1, 2011
Sowell on the heart of the debt-ceiling issue
Subscribe to:
Post Comments (Atom)
WCF Chapter One "Of Holy Scripture" Sunday School (Sept.-Oct. 2021)
Our text for Sunday School (also "The Confession of Faith and Catechisms") Biblical Theology Bites What is "Biblical Theology...

-
Snapshot of the August 2, 2016 Drudge Report President Obama is no revolutionary. Rather he is of the status quo. Today he played t...
-
"With government in the U.S. at all levels consuming 40 percent of gross domestic product, and taxes 30 percent, taxes will have to ris...
No comments:
Post a Comment