Tuesday, June 7, 2011
Blaming the Other Guy
The country has what is laughably called a debt ceiling and there is a perceived need to increase it, at least in the short term. One political party just wants to increase it; the other party admits the need to increase the limit and wants to include some firm commitments to reduce future spending. Mr. Goldmark can only find fault with the party who wants to restrict future spending. In his view, restricting spending is playing with fire while uncontrolled profligacy is a reasonable. He further offers the scare tactic about vital services and Social security checks being cut off. It is freely admitted that Social Security checks will go out what is not so clear are vital services will be discontinued.