Bald Faced Theft

Fallows latest is a post titled “The Two Sentences That Should Be Part of All Discussion of the Debt Ceiling,”

Victor_Dubreuil_-_Barrels_on_Money,_c._1897_oil_on_canvas

In it, he writes:

 

1) Raising the debt ceiling does not authorize one single penny in additional public spending.

2) For Congress to “decide whether” to raise the debt ceiling, for programs and tax rates it has already voted into law, makes exactly as much sense as it would for a family to “decide whether” to pay a credit-card bill for goods it has already bought.
Ayup.
Image:  Victor Debruil, Barrels of Money, c. 1897
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One Comment on “Bald Faced Theft”

  1. sohbet Says:

    insight, how original! Your work makes it increasingly difficult for me to ingest the gruel served up by New York Times columnists (they favour asadsdspeculation leading to cliche). Sorry for the gushing but I am genuinely appreciative.


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